At $1.5 million per job, the new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.
Ted joined Jeff Daly to discuss the university student protests erupting across the nation on the Israel/Palestine conflict, why it’s so dangerous for society if the media abandons facts in favor of narratives, why that allows government to spin away the problems like crime and financial crises, why it causes the voting public to become apathetic, and more.
When you hear the complaints from Illinois politicians, remember the hypocrisy: 40,000 bused to Chicago, but 161,562 allowed to fly directly to Florida.
Nearly one year ago, Chicagoans cheered Mayor Lori Lightfoot’s removal from office. In her place was Brandon Johnson, who promised a more inclusive approach to building a “better, stronger, safer Chicago.” It hasn’t turned out that way. Today, there’s little disagreement that Mayor Johnson has disappointed on most key issues. On crime. On policing. On migrants. On education. On governance. Even on foreign affairs.
Ted joined Dan and Amy to talk about the problems and costs of the Chicago Bears’ proposed new stadium, why its unlikely to happen in its current form, why the ongoing wave of violent crimes makes residents scared of the city, and why the funeral of slain police officer Luis Huesca matters to Mayor Johnson’s reputation.
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One more reason to leave Illinois
Even thick headed Pritzker knows that taxing retirement income is toxic. He needs the revenue badly, but seniors will come after him with everything they have. No tax on retirement income is the only thing keeping many seniors in this godforsaken state. That’s not changing anytime soon.
I suspect that every time the Pritzker “Fair Tax” cabal went public with a (not very) thinly veiled threat to tax retirement income, if we didn’t do away with the flat tax, that they were also assuring AFSCME, SEIU, CTU, et al, that it was just a ruse, and that the Dem’s have no intention of taxing their public employee union master’s retirement wages.
I personally feel that retirement income from public sector union jobs should be taxed, and should be taxed by IL, the state who pays it, to wherever the slimy rats decide to slither off to when the retire at 55. Is it a separate class? Yes. They made that clear for the last 40 years and now we should tax them as a separate class.
The Pension Source Tax Act of 1996 stipulates that no state may impose an income tax on any retirement income of an individual who is not a resident or domiciliary of such state, so Illinois can’t tax pensioners who move away. If you’re gonna tax retirement income, you have to tax all retirement income.
One way to kinda get around it would be to exempt social security from taxation, which makes sense as you’ve already paid taxes on those wages. State and muni pensioners who also pay into SS would qualify, so it couldn’t be seen as a vindictive policy.