July 18, 2017
The Illinois Banana Republic
Timothy Birdnow
Illinois, No Longer the Land of Lincoln but rather the citadel of Democrats, has instituted a huge tax increase. According to The Belleville NewsDemocrat:
"In case you missed it, Illinois’ individual income tax rate is now 4.95 percent, up from 3.75 percent. For a household with an annual income of $100,000, that means an increase in income tax of $1,200, from $3,750 per year to $4,950 — only another $23 a week to be a working resident of Illinois.
It took our lawmakers two years to come up with this tax and budget package, but they’re wasting no time getting into our wallets.
If you weren’t paying attention to how Illinois got into its mess, maybe the change in your paycheck will make you take notice. And we need to pay attention, because even though this tax will give the state another $5 billion annually, big problems remain.
For one thing, there’s still that $130 billion debt to state employees’ pension funds. For another, there’s that $15 billion bill backlog.
And House Speaker Michael Madigan pushed through this Democrat tax-and-spend plan without having to accept any of the pro-business reforms that Gov. Bruce Rauner hoped would stop job-creators and residents from fleeing to more business-friendly states. What will happen when there are no paychecks left to tax?
Madigan’s scheme has no change to Illinois’ costly workers’ compensation laws, no freezing of property taxes, nothing to rein in the out-of-control government spending.
Even with this new tax windfall, our state’s credit rating remains dangerously close to junk status. Moody’s Investors Service, citing the pension debt and bill backlog and other structural problems, said Friday that Illinois has "lingering credit challenges,†like collecting $5 billion to pay off $145 billion in debt."
End excerpt.
The Democrats and the Left proceed with their "live for today" policies despite the fact so many in America has turned against this nonsense. Illinois is fast becoming a Third World hellhole. Governor Rauner is trying his best, but illinois is a fiefdom of the old Capone mob, and it is run like some central American banana republic. It's about time to seriously consider partitioning the state.
Illinois, No Longer the Land of Lincoln but rather the citadel of Democrats, has instituted a huge tax increase. According to The Belleville NewsDemocrat:
"In case you missed it, Illinois’ individual income tax rate is now 4.95 percent, up from 3.75 percent. For a household with an annual income of $100,000, that means an increase in income tax of $1,200, from $3,750 per year to $4,950 — only another $23 a week to be a working resident of Illinois.
It took our lawmakers two years to come up with this tax and budget package, but they’re wasting no time getting into our wallets.
If you weren’t paying attention to how Illinois got into its mess, maybe the change in your paycheck will make you take notice. And we need to pay attention, because even though this tax will give the state another $5 billion annually, big problems remain.
For one thing, there’s still that $130 billion debt to state employees’ pension funds. For another, there’s that $15 billion bill backlog.
And House Speaker Michael Madigan pushed through this Democrat tax-and-spend plan without having to accept any of the pro-business reforms that Gov. Bruce Rauner hoped would stop job-creators and residents from fleeing to more business-friendly states. What will happen when there are no paychecks left to tax?
Madigan’s scheme has no change to Illinois’ costly workers’ compensation laws, no freezing of property taxes, nothing to rein in the out-of-control government spending.
Even with this new tax windfall, our state’s credit rating remains dangerously close to junk status. Moody’s Investors Service, citing the pension debt and bill backlog and other structural problems, said Friday that Illinois has "lingering credit challenges,†like collecting $5 billion to pay off $145 billion in debt."
End excerpt.
The Democrats and the Left proceed with their "live for today" policies despite the fact so many in America has turned against this nonsense. Illinois is fast becoming a Third World hellhole. Governor Rauner is trying his best, but illinois is a fiefdom of the old Capone mob, and it is run like some central American banana republic. It's about time to seriously consider partitioning the state.
Posted by: Timothy Birdnow at
10:53 AM
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