Posted on 06/25/2017 8:46:36 AM PDT by MtnClimber
The media has hyper-obsessed over the Kansas tax hike this year and has sold this as a repudiation of "supply side economics." But the real story in the states has been the catastrophic effects of "tax and spend" fiscal policy in Illinois.
Last week Republican Gov. Bruce Rauner continued his three-year standoff with House Speaker for Life Mike Madigan's liberal Democratic machine over a $5 billion annual income-tax hike. The Democrats have dug in their heels.
Anyone who thinks this soak-the-rich scheme will solve Illinois' long-term budget crisis should have their head examined. Illinois already ranks in the top three among the 50 states in state-local tax burden, so if raising taxes were any kind of solution here, the Land of Lincoln would be a Garden of Eden.
Instead the state has been a financial basket case for years.
(Excerpt) Read more at investors.com ...
I sure don’t want any of their utopia!
Another union pension success story. California is next.
They actually spent money painting Transit train cars in rainbow colors.
No, wait... I think they already tried that back in the 1980s.
Illinois is going to burn. Anyone who can get out should, if there’s still time.
Illinois was in the toilet as far back as 30 years ago when I left there.
Democrat legislators, some Republicans, and governors in the ILLINOIS GENERAL ASSEMBLY shook their fists at GOD and passed every abominable law imaginable. No wonder this state is going under. GOD will not be mocked.
Has Krugman ever been right about anything?
Simple; Raise taxes enough to cover the shortfall, then buy stock in moving van companies. Problem solved.
Workers’ comp fraud can’t be left on back burner, law firm argues
Politics
Ruth de Jauregui | Jun 26, 2017
The budget battle in the Illinois Statehouse has allowed workers’ compensation fraud to continue largely unchecked, the law firm Keefe, Campbell, Biery & Associates (KCBA) contends.
The Chicago-based law firm argues that Illinois has failed to provide the manpower and resources to effectively combat fraud, as the Illinois Workers’ Compensation Fraud Unit (WCFU) was reduced to two investigators in 2015 – an inadequate number to investigate the increasing number of complaints. While cases more than tripled that year, from 100 to 331, the unit accomplished only three convictions in 2015 and again in 2016.
KCBA points out that neighboring Ohio prosecuted approximately 132 cases, an average of 11 convictions per month. The American Insurance Association (AIA) agreed with KCBA’s argument.
“We think Illinois should do it tougher and bigger and bolder in pursuing workers’ compensation fraud,” Stephen Scheider, AIA’s Midwest region vice president, told KCBA, the firm said. “There’s certainly a lot more that can be done. When you look at states like Florida and Ohio, obviously they’re doing something right.”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.