The article didn’t mention it but included in this little bag of legislative goodies is an increase in the corporate income tax from 4.8% to 8.4%. That’s pretty big hit and you can bet that lots of Illinois corporations that are still alive will think long and hard before they expand in Illinois. And for those who are barely getting by right now that may be thing that forces them to close the doors.
I really do feel sorry for a lot of those folks from Downstate. They are generally socially and fiscally conservative but their vote gets more than offset by the cesspool that is Cook County.
This round of tax increases is a fine example of the public sector sucking the lifeblood out of the private sector to pay off the lavish salaries, bennies and penions for Illinois state workers
The private citizen is expected to slave away for his Gubbermint masters