The ‘fair tax’ would give more power to Springfield politicians – Illinois Policy

"Specifically, should Springfield have the power to tax Illinoisans — every one of us — in new ways and at higher rates? That could include the power to create a new tax bracket on retirement income. And the power to hike taxes on 100,000 small businesses immediately, as they struggle to climb out of the most severe economic downturn since the Great Depression."
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Tom Paine's Ghost
5 years ago

Illinois is billions of dollars in debt. Illinois Democrats will never reform their spending and will never challenge their Public Sector Union puppet masters. So instead, they will tax the citizenry to death in countless ways: Tax on retirement income. Tax on investment income. Tax on rental property income. Tax on interest income. City of Chicago income tax. Cook County income tax. Township income tax. Ward income tax. Tax on red haired people. Tax on left handed people. You name it; they will tax it.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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