By: Mark Glennon*
Hat tip to the Chicago Tribune’s Kristen McQueary for putting this on Twitter. Read this and guess where it’s from:
Hours after Illinois lawmakers chose a major tax rate increase to ease this state’s desperate budget crisis, questions lingered…. Would new income and corporate tax rates stunt the growth of businesses and jobs here and, in turn, slow the already stalled revenue picture that has struck so many states? Would the state’s tax package, which is expected to raise about $6.8 billion annually, be enough to solve the state’s crisis, which includes a vastly underfinanced pension plan?
It’s from the New York Times in 2011 about Illinois. The answers even then were obvious.
*Mark Glennon is founder of Wirepoints. Opinions expressed are his own.
Hopefully, all media will get the message, in Illinois, too.
Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
Ted joined Dan and Amy to talk about the free speech controversy brewing in Wilmette due to the city’s refusal to fly a religious freedom flag, the city’s left-wing excesses and the growing culture war, the latest money spent on the illegal immigrant crisis, and more.
Weekly crime statistics from the Chicago Police Department: Report through 4/14/2024.
Get the hell out of Taxistan. I voted with my feet 20 years ago. Best financial decision I ever made!!!
And here I am, reading from afar as I get ready to sign a lease on an apartment since I sold my condo and am getting out of IL. It only took Cullerton a few days to suggest the increase wasn’t enough and more tax increases might be needed. Between him and the evil leprechaun my pockets will be inside out.
Many hung on in the hopes that Rauner and the (formerly) growing republican membership in the statehouse could at least slow the madness down. The exodus will now ramp up to unbelievable levels, and tax revenues will drop like a stone. Tennessee is sure looking good to this life-long Illinois resident.
It’s over for Republicans in Illinois as well. But, sweet times for crony capitalists of any party