Illinois Raises Taxes

via: Patriot Post

Speaking of Obama, the former community organizer’s home state is preparing to do its part to drive up unemployment. Illinois Democrat Governor Pat Quinn and the lame-duck Democrat-controlled legislature enacted a 67 percent state income tax hike, which will add an average of $1,400 to a family’s tax bill, as well as a 50 percent increase in the corporate tax. The personal income tax rate will move from 3 percent to 5 percent for four years (yes, another “temporary” tax hike), in order to help close a $15 billion budget deficit. Of course, raising taxes rarely raises the revenue its proponents “need.”

Illinois has lost 374,000 jobs in the last two years, and taxing businesses won’t help that number. In fact, governors Mitch Daniels (R-IN) and Scott Walker (R-WI) took the opportunity to extend invitations for Illinois residents and businesses to relocate to their states. As Daniels said, “We already had an edge on Illinois in terms of the cost of doing business, and this is going to make it significantly wider.”

Advertisements

Leave a comment

Filed under Patriot Post

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s