IL Striving to Be CA or the Tax Queens!

GHook93

Aristotle
Apr 22, 2007
20,150
3,524
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Chicago
A 75% increase in income taxes!!! IN and WS are licking their lips with corporate tax increase!

A taxing plan we hear about too late - DailyHerald.com
state income tax, from 3 percent to 5.25 percent, a $1-per-pack cigarette tax increase

Democrat lawmakers push 75% state income tax increase - Chicago Tribune
The rate businesses pay would jump from 4.8 percent to 8.4 percent.

IL already has the highest sales tax in the country! Doesn't matter that Perwinkle SOLE point she ran on was that she was going to repeal the sale tax immediately. That is all the BITCH said. Then she won and what did the bitch say the next day, "I never said I would repeal it right away, I have a lot of other things to take care of first!" Come again? All you ran on was repealing the tax, so that you could counter the Republican pledge. Now you won and you tell us to fuck ourselves.

Not to mention we already have some of the highest property, gas and utility taxes in the country! This state sucks!
 
Stop whinning. Watch the new Congress, it will remind you of a truth you already know, a basic tenet of politics: "That was then, this is now". Promises made before the election are rarely kept, it is the nature of the beast.
That said, I'm all for a raise in the income tax for California. We send more and more money to the feds and recieve in turn less money and restrictions on it's use. Better to keep more tax revenue in the state, even if it results in a modest income tax rise at home, it will reduce the federal income tax burden and the influence of the federal government on the several states.
 
A 75% increase in income taxes!!! IN and WS are licking their lips with corporate tax increase!

A taxing plan we hear about too late - DailyHerald.com
state income tax, from 3 percent to 5.25 percent, a $1-per-pack cigarette tax increase

Democrat lawmakers push 75% state income tax increase - Chicago Tribune
The rate businesses pay would jump from 4.8 percent to 8.4 percent.

IL already has the highest sales tax in the country! Doesn't matter that Perwinkle SOLE point she ran on was that she was going to repeal the sale tax immediately. That is all the BITCH said. Then she won and what did the bitch say the next day, "I never said I would repeal it right away, I have a lot of other things to take care of first!" Come again? All you ran on was repealing the tax, so that you could counter the Republican pledge. Now you won and you tell us to fuck ourselves.

Not to mention we already have some of the highest property, gas and utility taxes in the country! This state sucks!

What's the unemployment rate in Illinois?
 
As of Dec its 9.6, which is 37th in the country. High unemployment, what is the Dimocrats solution, raise taxes and give business more incentive to leave!

Unemployment Rates for States


A 75% increase in income taxes!!! IN and WS are licking their lips with corporate tax increase!

A taxing plan we hear about too late - DailyHerald.com
state income tax, from 3 percent to 5.25 percent, a $1-per-pack cigarette tax increase

Democrat lawmakers push 75% state income tax increase - Chicago Tribune
The rate businesses pay would jump from 4.8 percent to 8.4 percent.

IL already has the highest sales tax in the country! Doesn't matter that Perwinkle SOLE point she ran on was that she was going to repeal the sale tax immediately. That is all the BITCH said. Then she won and what did the bitch say the next day, "I never said I would repeal it right away, I have a lot of other things to take care of first!" Come again? All you ran on was repealing the tax, so that you could counter the Republican pledge. Now you won and you tell us to fuck ourselves.

Not to mention we already have some of the highest property, gas and utility taxes in the country! This state sucks!

What's the unemployment rate in Illinois?
 
As of Dec its 9.6, which is 37th in the country. High unemployment, what is the Dimocrats solution, raise taxes and give business more incentive to leave!

Unemployment Rates for States


A 75% increase in income taxes!!! IN and WS are licking their lips with corporate tax increase!





IL already has the highest sales tax in the country! Doesn't matter that Perwinkle SOLE point she ran on was that she was going to repeal the sale tax immediately. That is all the BITCH said. Then she won and what did the bitch say the next day, "I never said I would repeal it right away, I have a lot of other things to take care of first!" Come again? All you ran on was repealing the tax, so that you could counter the Republican pledge. Now you won and you tell us to fuck ourselves.

Not to mention we already have some of the highest property, gas and utility taxes in the country! This state sucks!

What's the unemployment rate in Illinois?

Look at Florida. Unemployment is 12% and Fla has NO state income tax. Sales tax is 7.5%.
 
And how much debt does the state hold, and at what interest cost? Better the state send income tax dollars to Washington and not keep more revenue at home? State income tax is deduction on the federal tax forms; the unemployment rates should not increase simply because a few more dollars go to the state and not to the Feds.
 
And how much debt does the state hold, and at what interest cost? Better the state send income tax dollars to Washington and not keep more revenue at home? State income tax is deduction on the federal tax forms; the unemployment rates should not increase simply because a few more dollars go to the state and not to the Feds.

I am not a tax expert, but I am pretty sure State income Taxes don't reduce the amount you pay to the Federal government!
 
We get taxed too much which resulted in all our problems.

California is the most expensive state to live with the highest burden of government.

Tax, that is my private property, the more tax you take, the less I have freedom. Same with fees for permits, any fee the government collects is confiscation of my private property and a violation of my right to freedom.
 
They want to raise the income tax by 75% (to over 5%), want to nearly double the corporate Tax (making it right behind CA and NY as highest in the nation) to already go along with the HIGHEST IN NATION Sales Tax, and top five property, utilities and gas tax!

We can only PRAY the Republicans in the General Assembly convince enough Dimocrats that Governor Douche Bag's plan will lead to catastrophe!

Note on State Corporate Tax - It is just not taxed on Corporations headquartered in the state its also on income/revenue or activities within the jurisdiction. That includes domestic (companies organized in that state) or foreign (companies that have significant presence or create revenue from the state, but organized in another state)!

Cigarette tax progresses, income tax hike in limbo - DailyHerald.com

THE BIG ONES Headquartered in IL (aka Fortune 500 Co):
McDonald's
Sears
Caterpillar
John Deere
United Airlines
Boeing
AON
RR Donnelley
Exelon
Smurfit Stone Container
Tribune Co
USG Corporations
Abbott Labs
Allstate
Baxter
Brunswick
CDW
Fortune Brands
Hewitt Assoc
IL Tool Work
Motorola
Navistar
NiSource
Sara Lee
Tenneco
United Stationers
Walgreens
WW Grainger
List of companies in the Chicago metropolitan area - Wikipedia, the free encyclopedia




The following companies have headquarters within the Chicago city limits:

Aon Corporation (ranked #298 on the 2010 Fortune 500 list)
A.T. Kearney
Bally Total Fitness
Boeing (ranked #28 on the 2010 Fortune 500 list)
CareerBuilder
Chicago Board Options Exchange
CME Group
Chicago Stock Exchange
Citadel Investment Group
Classified Ventures
CNA Financial (an affiliate of Loews Corporation)
Diamond Management & Technology Consultants
Encyclopædia Britannica, Inc.
Equity Office Properties Trust
Exelon (ranked #134 on the 2010 Fortune 500 list)
GATX Corporation
General Growth Properties
Global Hyatt
Hartmarx
Hostway
Integrys Energy Group
InterCall
Jones Lang LaSalle
Kerasotes Theatres
Koval Distillery
La Petite Academy
Magnetar Capital
Merisant
Metal Management
Midway Games
MillerCoors
Morningstar, Inc.
Morton Salt
National Stock Exchange
NAVTEQ
Northern Trust
Old Republic International
Orbitz
Playboy Enterprises
PTI Securities & Futures
Quaker Oats Company, a unit of PepsiCo
RR Donnelley (Ranked #240 on the 2010 Fortune 500 list)
Ryerson, Inc.
ShoreBank
Skidmore, Owings and Merrill
Smurfit-Stone Container (Ranked #374 on the 2010 Fortune 500 list)
SSA Global Technologies
SymphonyIRI Group
Telephone and Data Systems Incorporated
Tootsie Roll Industries
TransUnion
Tribune Company (Fortune 500)
True Value
UBid
United Airlines (Corporate Offices) (Ranked #140 on the 2010 Fortune 500 list)
Unitrin Inc (S&P 400 MidCap, S&P 1500 Super Comp)
U.S. Cellular
USG Corporation (Ranked #458 on the Fortune 500)
Whittman-Hart
Wilson Sporting Goods
World Book Encyclopedia
Wm. Wrigley Jr. Company


The following companies are based in Chicago's suburbs:

AAR Corporation (Wood Dale, Illinois)
Abbott Laboratories (Abbott Park, Illinois) (Fortune 500)
ACCO Brands (Lincolnshire, Illinois)
Accuquote (Wheeling, Illinois)
Ace Hardware (Oak Brook, Illinois)
ACNielsen (Schaumburg, Illinois)
Alberto-Culver (Melrose Park, Illinois)
Allstate (Northbrook, Illinois) (Fortune 500)
Andrew Corporation (Westchester, Illinois)
Anixter International (Glenview, Illinois)
Aquascape, Inc. (St. Charles, Illinois)
Arthur J. Gallagher & Co. (Itasca, Illinois)
Baxter International (Deerfield, Illinois) (Fortune 500)
BFG Technologies (Lake Forest, Illinois)
Blistex, Incorporated (Oak Brook, Illinois)
Brunswick Corporation (Lake Forest, Illinois) (Fortune 500)
Calamos Holdings LLC (Naperville, Illinois)
Career Education Corporation (Hoffman Estates, Illinois)
CDW (Vernon Hills, Illinois) (Ranked #376 on the Fortune 500)
CF Industries (Deerfield, Illinois)
Claire's (Hoffman Estates, Illinois)
Corn Products International (Westchester, Illinois)
Così (Deerfield, Illinois)
Coskata, Inc. (Warrenville, Illinois)
Crate and Barrel (Northbrook, Illinois)
Culligan (Rosemont, Illinois)
DeVry University (Oakbrook Terrace, Illinois)
Discover Financial Services (Riverwoods, Illinois)
Donlen Corporation (Northbrook, Illinois)
Eby-Brown (Naperville, Illinois)
Electro-Motive Diesel (McCook, Illinois)
Farm Progress (St. Charles, Illinois)
Fellowes, Inc. (Itasca, Illinois)
First Alert (BRK Brands) (Aurora, Illinois)
Follett Corporation (River Grove, Illinois)
Fortune Brands (Jim Beam, Courvoisier, Titleist and many others) (Deerfield, Illinois) (Fortune 500)
Grant Thornton LLP (Oakbrook Terrace, Illinois)
Griffith Laboratories (Alsip, Illinois)
Hendrickson International (Lemont, Illinois; a subsidiary of The Boler Company (Itasca, Illinois))
Hewitt Associates (Lincolnshire, Illinois) (Fortune 500)
Hospira (Lake Forest, Illinois)
IDEX Corporation (Northbrook, Illinois)
Illinois Tool Works (Glenview, Illinois) (Fortune 500)
Kraft Foods (Northfield, Illinois)
McDonald's Corporation (Oak Brook, Illinois) (Fortune 500)
Mead Johnson Nutrition (Glenview, Illinois)
Molex (Lisle, Illinois)
Motorola (Schaumburg, Illinois) (Fortune 500)
Nalco Holding Company (Naperville, Illinois)
Namco Cybertainment (Bensenville, Illinois; a subsidiary of Japan-based Namco)
Navistar International (Warrenville, Illinois) (Fortune 500)
Nicor (Naperville, Illinois) (S&P 500)
NiSource (Merrillville, Indiana) (Fortune 500)
Northfield Laboratories (Evanston, Illinois)
OfficeMax (Naperville, Illinois)
Pactiv (Lake Forest, Illinois)
The Pampered Chef (Addison, Illinois)
Portillo's Restaurants (Oakbrook Terrace, Illinois)
Quill Corporation (Lincolnshire, Illinois)
Rand McNally (Skokie, Illinois), a subsidiary of Quebecor World
Redbox Automated Retail, LLC (Oakbrook Terrace, Illinois)
Sanford (Oak Brook, Illinois; a division of Newell Rubbermaid)
Sara Lee Corporation (Downers Grove, Illinois) (Fortune 500)
Sauer-Danfoss (Lincolnshire, Illinois)
Sears Holdings Corporation (Hoffman Estates, Illinois) (Fortune 500)
Serta (Hoffman Estates, Illinois)
Shure (Niles, Illinois)
SIRVA (Westmont, Illinois)
Solo Cup Company (Highland Park, Illinois)
Stepan Company (Northfield, Illinois)
TAP Pharmaceuticals (Lake Forest, Illinois)
Tellabs (Naperville, Illinois)
Tenneco (Lake Forest, IL) (Fortune 500)
Topco Associates, LLC (Skokie, Illinois)
Turtle Wax (Willowbrook, Illinois)
Ulta (Bolingbrook, Illinois)
Underwriters Laboratories (Northbrook, Illinois)
United Airlines (Base of Operations) (Elk Grove Township) (Fortune 500)
United Stationers (Deerfield, Illinois) (Fortune 500)
U.S. Foodservice (Rosemont, Illinois)
U.S. Robotics (Schaumburg, Illinois)
Van Kampen Investments (Oakbrook Terrace, Illinois)
Vanee Foods (Berkeley, Illinois)
Velsicol Chemical Corporation (Rosemont, Illinois)
Walgreens (Deerfield, Illinois) (Fortune 500)
Weber-Stephen Products Co. (Palatine, Illinois)
Westell (Aurora, Illinois)
WMS Gaming (Waukegan, Illinois)
World Dryer (Berkeley, Illinois; a subsidiary of Carrier Commercial Refrigeration)
World Kitchen (Rosemont, Illinois)
W. W. Grainger (Lake Forest, Illinois) (Fortune 500)
Zebra Technologies (Vernon Hills, Illinois)
Zenith Electronics (Lincolnshire, Illinois; a subsidiary of South Korea-based LG Electronics)


Other large corporations with an established presence in Chicago and/or its suburbs (but whose corporate headquarters are located elsewhere), including:

ABN AMRO (Asset Management)
Accenture (Chicago; Global headquarters: Dublin, Ireland)
Acxiom (Downers Grove, Illinois)
Affiliated Computer Services (ACS) (Schaumburg, Illinois) (Fortune 500)
Ajinomoto (Ajinomoto Food Ingredients LLC & Ajinomoto Heartland LLC) (Chicago)
AkzoNobel (Polymer Chemicals Unit)
ALDI (U.S. headquarters: Batavia, Illinois)
Amada Co (Amada Machine Tools America) (Schaumburg, Illinois)
ArcelorMittal (U.S. headquarters: Chicago Loop; plants in Riverdale, Illinois, East Chicago, Indiana, and Burns Harbor, Indiana)
Astellas Pharma (Deerfield, Illinois)
AT&T
Bank of America
Bank of Montreal (Harris Bankcorp, BMO Capital Markets)
BMW of North America (Central Region Office) (Schaumburg, Illinois)
BP (Warrenville and Naperville, Illinois; Whiting, Indiana)
Bridgestone (Bridgestone Retail Operations, LLC) (Bloomingdale, Illinois)
Butterball LLC (Naperville, Illinois)
Canon USA (Itasca, Illinois)
Cargill (Chicago; Hammond, Indiana)
Caterpillar Inc. (Peoria, Illinois)
Citgo (Lemont Refinery, Lemont, Illinois)
ConAgra Foods (Downers Grove, Illinois)
Continental Automotive Systems (Temic) (Deer Park, Illinois)
CSX Transportation (Northern Region Operations Center) (Calumet City, Illinois)
Dyson Appliances Limited (Dyson US) (Chicago)
Experian (Schaumburg)
FANUC (Hoffman Estates, Illinois)
Fitch Group
Ford Motor Company (Chicago Assembly, Chicago Heights Stamping)
Fujifilm (Fujifilm Medical) Hanover Park, Illinois)
General Electric
Goldman Sachs
HSBC Finance, a subsidiary of HSBC (Mettawa, Illinois)
Hyundai Motor Company (Aurora, Illinois)
IBM
Ineos/Innovene (Chicago and Naperville, Illinois; Whiting, Indiana)
JPMorgan Chase (See: Bank One Corporation)
Lucent Technologies
Makino (Elgin, Illinois)
McKesson Corporation (Wheeling, Illinois)
McGraw-Hill (Chicago Loop)
Microsoft (Chicago Loop; Downers Grove, Illinois; Northlake, Illinois (data center))
Mintel
Mitsubishi Electric (Mitsubishi Electric Automation, Inc.) (Vernon Hills, Illinois)
Mitutoyo (Aurora, Illinois)
Mori Seiki (U.S. headquarters: Hoffman Estates, Illinois)
Navigon (Navigon Inc., Chicago)
NEC (NEC Display Solutions) (Itasca, Illinois)
Nissan Motors (Aurora, Illinois (Nissan North America); Marengo, Illinois (Nissan Forklift))
Noritake (Arlington Heights, Illinois)
Nortel (Schaumburg, Illinois)
Northrop Grumman Electronic Systems (Rolling Meadows, Illinois)
OMRON (Schaumburg, Bannockburn, St. Charles)
Panasonic Corporation (Panasonic Factory Solutions Company of America) (Rolling Meadows & Buffalo Grove, Illinois)
Pearson Education, publishing as Scott Foresman (Glenview, Illinois)
PepsiAmericas (corporate offices) (Schaumburg, Illinois)
Popular, Inc. (Banco Popular North America) (Rosemont, Illinois)
Rexam
Robert Bosch Corp. (Broadview, Illinois (automotive aftermarket); Mount Prospect, Illinois (production tools); Hoffman Estates, Illinois (Bosch Rexroth))
Rockwell Automation (Burr Ridge, Illinois)
SAP AG (Downers Grove, Illinois)
Schneider Electric (Palatine, Illinois)
Siemens Healthcare Diagnostics (U.S. headquarters: Deerfield, Illinois)
Siemens Medical Solutions (Hoffman Estates, Illinois)
Smithfield Foods (Armour-Eckrich Meats LLC) (Lisle and St. Charles, Illinois)
Southwest Airlines (Chicago Midway International Airport)
SSAB North America (Lisle, Illinois)
STMicroelectronics (Schaumburg, Illinois)
Sumitomo Corporation of America (Rosemont, Illinois)
Takeda Pharmaceutical Company (U.S. headquarters: Deerfield, Illinois)
Toshiba America (Arlington Heights; Buffalo Grove; Chicago Loop; Rolling Meadows)
Toyota Motor Sales, U.S.A., Inc. (Aurora and Naperville, Illinois)
Tyco International (Tyco Electrical & Metal Products) (Harvey, Illinois)
UBS AG
Unilever (Home & Personal Care North America) (Chicago)
UPS (CACH) (Hodgkins, Illinois)
UOP LLC, a subsidiary of Honeywell (Des Plaines, Illinois)
U.S. Steel (Gary Works) (Gary, Indiana)
Willis Group Holdings (Chicago Loop - Willis Tower, Schaumburg, Illinois)
XL Capital (Chicago Loop, Schaumburg, Illinois)
Yaskawa Electric Corporation (Waukegan, Illinois)
ZF Friedrichshafen (Vernon Hills, Illinois)
Zurich Financial Services (Schaumburg, Illinois)
 
Illinois is FILLED with small businesses that are LLC, LPs, LLPs and S-Corps! Yep they won't get hit with the Corporate tax increase, but the sure as hell will suffer from the 75% increase in income taxes. I know all the surround states are already trying to steal IL businesses!

IL is headed towards to some dark days!
 
Title Says it ALL: Illinois Tax Increase: Bad News for Business

Illinois Tax Increase: Bad News for Business - FoxSmallBusinessCenter.com
The following is a press release from SBE Council, a nonprofit, nonpartisan advocacy organization dedicated to protecting small business and promoting entrepreneurship.

A proposal to increase personal-income and individual-capital-gains taxes by 75% in the state of Illinois isn’t sitting well with one small business advocacy group.

According to the Small Business & Entrepreneurship Council, the Illinois proposal would increase the state's personal-income and individual-capital-gains tax rates from 3% to 5.25% (a 75% increase), the corporate-income and capital-gains tax rates from 7.3% to 10.9% (a 49% increase), and the cigarette-excise tax from $1.00 per pack to $1.98 (a 98% jump). The SBE Council is urging The Prairie State’s lawmakers to oppose the tax package, claiming it would severely injure the state’s competitiveness and economic climate and harm entrepreneurs, small businesses and their employees.

“This is a surefire way to chase away capital, entrepreneurial activity and jobs,” said Raymond Keating, SBE Council chief economist. “It’s astoundingly misguided tax policy. For example, if this package is approved Illinois would then have the highest corporate income and corporate gains taxes among the states.”

The SBE Council recently released its “Small Business Survival Index,” which ranks the states and Washington, D.C. from best to worst on their public policy climates for small business owners. Illinois placed 28th on the index, but Keating said if the package were to pass, it could find itself in the bottom 10 states, dropping to at least 41.
 
...thinks Governor Douche Bag's tax increases are a horrendous idea. But Governor Daniel's is loving the prospects are steals Illinois businesses!

Indiana Governor Mitch Daniels: Illinois Tax Hike Good News For Indiana Business

Indiana Governor Mitch Daniels: Illinois Tax Hike Good News For Indiana Business

As Illinois lawmakers prepare to pass a massive state income tax hike, Indiana Governor Mitch Daniels says his state will welcome business owners who aren't too keen on the 67 to 75 percent tax hike.

"We already had an edge on Illinois in terms of the cost of doing business, and this is going to make it significantly wider," Daniels, a Republican,
told the Herald-Review on Monday.

As soon as Tuesday, Illinois lawmakers are hoping to pass legislation that would boost the personal income tax rate temporarily by up to 75 percent, pushing the current rate of 3 percent as high as 5.25 percent. Monday night, lawmakers told WBEZ the increase would now be about 67 percent, since they could not find the support needed for the bigger increase.

In sheer percentage terms, the Illinois proposal could be the biggest tax increase on the long list of increases states have passed as they grappled with recent economic woes. Also, according to the The Tax Foundation, a nonpartisan tax research group in Washington, the hike would force Illinois businesses to pay the highest combined national-local corporate tax rate in the industrialized world.
 
Read between the lines, Jim Dugan is talking about relocating 23K manufacturing jobs out of the state of IL and I am sure they are not the only ones! If all the businesses leave, how is this tax increase going to increase revenues?

Cat opposes corporate tax rate increase - Peoria, IL - pjstar.com
Saying an income tax increase is not a panacea for Illinois' sick budget, Caterpillar Inc. opposes a proposed hike to the state's corporate tax rate, for its sake and that of the state business climate.

The hike proposed would, if adopted by the Illinois General Assembly, give Illinois the highest corporate tax rate in the country, according to the Tax Foundation, a not-for-profit think tank based in Washington, D.C.

"A dramatic increase of that magnitude is the wrong medicine for what ails Illinois," Caterpillar spokesman Jim Dugan said Friday. "It will make us less competitive and make the state itself less attractive."

The Illinois General Assembly is considering a package of tax increases aimed at helping it meet its financial needs.

Part of the package would increase the state corporate income tax from 7.3 percent to 10.9 percent, which includes a 2.5 percent personal property replacement tax that has been in effect 30 years. Without the replacement tax, the rate would increase from 4.8 percent to 8.4 percent.

Caterpillar, which has more than 23,000 employees across Illinois in numerous facilities - most concentrated in the Peoria area - exports well over half its products made in this state, Dugan said.

"It will be more difficult to remain competitive in an environment where we pay what is effectively the highest corporate taxes in the country in the state where we produce the most product," Dugan said.
 
(1) Family budgets are on the line.

The average Illinois household faces an increase in their state income tax bill of $1,598. A firefighter and a preschool teacher with two kids earning a combined $80,000 would pay $1,620 in higher income taxes under the tax hike deal – on top of the $2,160 they’re already paying. That’s money they can’t use to purchase a new water heater, buy winter jackets or put toward college savings.


(1) Job killer.

Illinois already ranks near the bottom in job creation and competitiveness; this tax hike could be a fatal blow to the state’s struggling economy. Illinois’s economy could suffer a $17.3 billion reduction in personal income over the next three to five years as a result of this tax hike, translating into $3,625 less in personal income per household or the loss of 288,473 private sector jobs.

(3) Destroys bipartisan federal tax relief.

President Obama, along with Congressional Democrats and Republicans, recently agreed that federal tax relief was necessary to spur the national economy and protect families. Raising state income taxes by 75 percent will take more than double the savings from the federal tax cut compromise.

(4) Illinois would have among the highest corporate income tax rates in the world.

Illinois’s new 8.4 percent corporate income tax rate, combined with the personal property replacement tax and the federal rate, would give Illinois one of the highest corporate tax rates in the world – higher than Japan, France, Russia and Germany!


(5) Hurts business competitiveness.

Illinois’s ranking in the Tax Foundation’s State Business Tax Climate Index would fall from 23rd to 35th as a result of this tax plan. Our individual income tax ranking would go from ninth to 15th, and the corporate income tax ranking would fall from 27th to 46th. This would push even more jobs across our borders as businesses rationally bypass Illinois when looking to start up or expand operations.


(6) The flight of people, jobs and wealth from Illinois would intensify.

The tax hike would cement Illinois’s reputation as a high tax state. Consider that from 1998 to 2008, the ten lowest-taxed states had a 220 percent faster population growth rate, a 15 percent faster personal income growth rate, and a 58 percent faster employment growth rate than the ten highest-taxed states. This plan sends us in the wrong direction.


(7) Property tax relief is “bait and switch.”

Real and lasting property tax relief comes from lower rates, not tax swap checks that could be eliminated at any time.


(8) “Temporary tax hikes” are a joke.

Illinoisans know from experience that temporary tax hikes turn into permanent ones. No one believes that rates will revert back to a lower level.


(9) Tobacco revenues are likely to be lower than expected.

Estimated revenue from the 102 percent tobacco tax hike is likely overestimated. According to economic modeling from the Mackinac Center for Public Policy, smuggling alone would limit the annual intake to about $250 million (instead of circulated reports of $377 million).


(10) Spending reforms must come first.

Illinois has a spending problem, not a revenue problem. State spending is up 26 percent after inflation over the past 10 years. No amount of new revenue can fix the underlying problems until structural spending reforms – like a genuine spending cap – are implemented.


(11) Tax hikes are politically unpopular.

A June 2010 poll commissioned by the Illinois Policy Institute found 62 percent of likely Illinois voters thought the state spends too much money. When asked how to solve this problem, 49 percent said cut important programs while just 34 percent wanted their taxes raised.


(12) Last-minute, lame-duck shenanigans.

Legislators should wait until the new General Assembly is seated in mid-January before voting on big topics like a tax hike. This is not the “change” that voters demanded in November.
 
Illinois faces a $13 billion deficit. Yet douche bag Quinn says only massive tax increases and some spending cuts are the trick. Lets see

Government Spending in United States: Federal State Local 2011 - Charts Tables History
$140 Billion Budget:

(1) Pension - 9% = $12.6 billion!
The private sector has done away with pensions because they are unsustainable, time for the States to follow suit. Right here is 12.6 billion savings. But let's be honest it must be a ease into private retirement funds. 2011 could easily cut $4 billion by saying no more pension plans for anyone under 30.

2011 saving $4 bil = Total: $4 bil
(2) Healthcare - 17% = $23.8 bil!
No more free healthcare or education for illegals would save $3.5 bil right there!
the cost of Illegal Immigration to Illinois taxpayers

(3) Education - 29% = $40.8 bil
And we still have the horrendous schools! $3.5 bil for no Illegals saying
the cost of Illegal Immigration to Illinois taxpayers

Total: $7.5 Bil

(4) Welfare - 7% = $9.8 bil
Cut it in half. Sorry, but we are broke. Save the state $4.9 bil. We need to help the helpless (can't work because of injury and non-drug addict sickness) not the hopeless (refuse to work, get training or are on drugs)!

Total: $12.4 Bil

(5) Remainder - 19% - $26.6 Bil
How many useless government agencies are there? LOL way to many! Cut 10% here!
Save $14 bil here

Total: $26.4 Bil
We now have a surplus $13.4 Bil!!! Use that money to REDUCE the sales tax, property taxes, the IL income tax and get rid of the corporate tax! Have us take jobs back from IN and the surrounding states then them taking from us!

(6) Transportation: 10% = $14 Bil

(7) Protection: 8% = $11.2 Bil
One area to increase!
 

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Quinn will go down as the worse Governor of any state in US history!

Businesses say proposal is too taxing - Chicago Tribune

"It's a windfall for moving van companies," said Greg Baise, president of the Illinois Manufacturers Association.


"I was shocked," said Doug Whitley, president of the Illinois Chamber of Commerce. "It's counterproductive to what they've been saying since the election that creating jobs is a priority. It sends up another red flag that Illinois has an anti-business approach, which is exactly what we're trying to get away from."
 
Quinn will go down as the worse Governor of any state in US history!

He will most likely go to prison just like so many other Illinois political crooks do.
 
Quinn will go down as the worse Governor of any state in US history!

He will most likely go to prison just like so many other Illinois political crooks do.

Heck I wouldn't even mind a crook if he didn't do all the dumb things Quinn is doing. At least Blago wasn't this stupid and Blago was a retard!
 

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