Growth killer: Chicago’s potential corporate head tax. – Wirepoints
Mayor Brandon Johnson is considering reenacting the city’s corporate head tax. The mayor calls it an “option” as the city deals with multiple years of billion-dollar budget deficits. His constant arguments for more tax hikes is a growth killer for a city that’s already suffering a lack of jobs and growth.
Mark joined Dan Proft to paint a grim picture of Illinois’ financial trajectory, focusing particularly on the state’s spiraling property taxes, unsustainable public spending, and a lack of political accountability.
When will politicians learn? How many times must the lesson be taught? Industrial central planning by government doesn’t work. Government is no good at picking winners and losers. Leave that to the private sector and let it bear the losses on bets that don’t pay off. Illinois, however, recently announced yet another subsidy for another Canadian electric bus company.
No, this isn’t about Obama’s alleged role in the “Russiagate” hoax, currently capturing the headlines. There’s much more that many probably don’t know about the Obama Administration, making a new, 25-minute documentary well worth your time.