Illinois is about to raise state personal income tax by 75% for four years. Why? So they can pay back our creditors with borrowed money.
Folks, the jokes just write themselves in this state. I am not making this up. Here’s the quote. Read it for yourself.
As a measure of how desperate state government’s finances are, Cullerton said the state would use the income-tax hike to borrow $12.2 billion. Of that, $8.5 billion would pay overdue bills and $3.7 billion would cover a government worker pension payment lawmakers skipped when putting together the current budget, he said.
“I think it’s the right time to do it because we are in desperate need of paying our bills,” Cullerton said. “Just think about how we’re going to be after we pass this. We would have all our bills, all those people that are owed money, $8 billion would go back into the economy. People will be paid on time. Our credit rating will be dramatically improved.”
Pardon my French, but I believe this plan rates a high 11.75 on a scale of 1-10 on the dumb-ass-o-meter.
Instead of paying our bills with the money they’re stealing from tax payers, they’re literally going to use it to fund even MORE debt (that, of course, will have to be paid off in turn).
Businesses, and therefore economic recovery, will suffer greatly in Illinois if this is allowed to pass.
The CPA for a Cook County company with 160 employees told them that they would add $750,000 to their bottom line by moving 35 miles away toValparaiso, IN. No kidding!
Prior to this nonsense, the annual average is 27,000 families moving out of Illinois. The projection for this year is 27-35,000.
Plus, I just received an email from Amazon.com’s Associates program, with which I sponsor their book listings on my small business web site in return for a share of their sales, saying that they will immediately pull their program out of Illinois if this passes.
Is this really what you were thinking about when you voted for Pat Quinn again, Illinois voters?
Any doubts now about the job killing nature of excessive taxation? No, I didn’t think so.
Governor Quinn, Michael Madigan, and John Cullerton, here’s some free advice…and I’ll even throw in the large, bold and italicized text for free…
USE THE MONEY TO DIRECTLY PAY DOWN THE EXISTING DEBT, YOU MORONS!
Seriously, this pack reminds me of a bunch of chattering New York City socialites who’ve just run up the tab on their husbands’ credit cards so high that no social club will admit them anymore, so they go out and take out a home equity loan to pay off the credit cards so they can get back into the club.
This hubby is about to burn up some phone lines to stop this nonsense in its tracks.
Why don’t you help out as well?
Governor Quinn 217-782-0244
Call Quinn and tell him to keep his promise to the people of IL. Quinn promised to veto ANY tax increase over the 33% increase he proposed.
Michael Madigan 217-782-5350
John Cullerton 217-782-2728
- Income Tax Rate to 5.25% for 4 years
- Corporate Tax Rate to 10.9 %….second highest in the United States
- Cigarette Tax = $1 per pack
- Then added VAT Tax on 39 services
- PLUS….THEY WILL BORROW MORE!
House to vote today, Friday, January 7th
Senate to vote next week.
Light up Springfield with phone calls!
|President||John J. Cullerton||217-782-2728|
|Majority Leader||James F. Clayborne, Jr.||217-782-5399|
|Assistant Majority Leader||Rickey R. Hendon||217-782-6252|
|Assistant Majority Leader||Kimberly A. Lightford||217-782-8505|
|Assistant Majority Leader||Antonio Muñoz||217-782-9415|
|Assistant Majority Leader||Don Harmon||217-782-8176|
|Assistant Majority Leader||Jeffrey M. Schoenberg||217-782-2119|
|Majority Caucus Chair||Donne E. Trotter||217-782-3201|
|Majority Caucus Whip||Louis S. Viverito||217-782-0054|
|Majority Caucus Whip||Terry Link||217-782-8181|
|Majority Caucus Whip||Ira I. Silverstein||217-782-5500|
|Majority Caucus Whip||Susan Garrett||217-782-3650|
|Majority Caucus Whip||John M. Sullivan||217-782-2479|
|Majority Caucus Whip||Deanna Demuzio||217-782-8206|
|Republican Leader||Christine Radogno||217-782-9407|
|Deputy Republican Leader||Dale A. Righter||217-782-6674|
|Assistant Republican Leader||J. Bradley Burzynski||217-782-1977|
|Assistant Republican Leader||John O. Jones||217-782-0471|
|Assistant Republican Leader||David Luechtefeld||217-782-8137|
|Assistant Republican Leader||Dan Rutherford||217-782-6597|
|Republican Caucus Chair||Dave Syverson||217-782-5413|
|Republican Caucus Whip||Carole Pankau||217-782-9564|
House Republican Minority Leader
Tom Cross 217-782-1331
To find your Legislator or Senator go to www.ilga.gov
Click on Members…locate your Legislator/Senator
Or will you be too busy preparing to move out of state?
- Democratic Leaders Strike Deal On Income Tax Hike (huffingtonpost.com)
- Boss Madigan to Illinois taxpayers: Eat s…. (chicagonow.com)
- Sources: Income tax hike deal reached – Chicago Sun-Times (news.google.com)
- Illinois on the Verge of Ratifying Misguided Affiliate Tax Nexus Legislation (revenews.com)
- TCB in Springfield (chicagoist.com)
- Illinois’s Quinn Weighs $15 Billion Bond ‘Option’ to Pay Bills (businessweek.com)
- Workers To Lose More Employee Benefits: Illinois Worker’s Compensation in Jeopardy (chicagonow.com)
- Illinois faces budget woes (politico.com)
- Will voters be asked for transportation taxes? (theolympian.com)
- Internet Tax Bill Passed in Illinois (prnewswire.com)
- Bond Buyers’ Eyes Are on Illinois (online.wsj.com)
- Gov. Pat Quinn (D, IL) about to destroy IL Amazon affliliates? (redstate.com)
- “Action alert! Amazon.com may boot me–because of an Illinois internet sales tax” and related posts (marathonpundit.blogspot.com)