Posted on 03/13/2009 5:22:01 AM PDT by AT7Saluki
Income taxes in Illinois could soon be going up by as much as 50 percent to combat deficits in a difficult state budget.
As CBS 2's Joanie Lum reports, Gov. Pat Quinn is reportedly considering raising taxes to deal with a growing budget deficit.
Quinn has been hinting about the problems in the state budget this year for some time. He gives his first address on the subject next Wednesday, and there is word that income taxes will go up as 50 percent.
The Chicago Tribune reports that Quinn wants to raise the state income tax to 4.5 percent from 3 percent.
***
State lawmakers are also talking about raising gasoline taxes to pay for road and bridge construction. Fees on driver's licenses and license plate stickers may also go up.
(Excerpt) Read more at cbs2chicago.com ...
Yea that will solve the problems.
I hear the Illinois looks wonderful in the rear view mirror!
Testing ground for the rest of the nation...
DEMOCRATS GONE WILD!
They don’t have enough home foreclosures in IL yet. Guess they’re working on the problem.
If they don’t rape the last few taxpayers, how are retiring state workers, legislators and judges supposed to live in luxury in Florida, Costa Rica.... I mean, come on folks, do you expect them to work past age 45? How does that leave enough years for another pension?
/sarc
Conservative household notes a shortage of money. Action: reduce expenditures.
Liberal household notes a shortage of money. Action: Run for office, get elected, and tax the conservative household.
The new California
I assure all my fellow Minnesotans that we are not far behind in becoming the new California
Here in Michigan, Governor Depressionator is already talking about raiding stimulus money to balance the budget due to a “breathtaking” drop in revenue from tobacco and lottery taxes. We’re talking 200 million under estimates.
Blago was right then, he said they wanted him out so they could raise taxes.
Gibbs will have good news at the Friday White House presser about the un-employed in Illinois.
“Illinois Income Tax May Jump 50 Percent”
I hope so. Things like this might open people eyes to what the libs are doing.
“And when Quinn the Eskimo gets here, everybody’s gonna want to go”. A friend of mine told me about the taxes in Cook County, which includes not only the City of Chicago but many suburbs. To get money to pay for absolute necessities, the Dem County Exec. (or whatever his title is) decided to once more soak the Republican suburbs in the county and reportedly raised the local sales tax to about 10 percent. You can cross the Cook County border (often the other side of the same street in the ‘burbs’) to suburban DuPage County and pay only 7 percent sales tax for the same items. Obviously, if you have a store on the wrong side of the county line, you’re paying in lost sales, not that this bothers the powers that be.
0bama’s Fault!
Currently IL does not tax retirement earnings and 401k distributions. I wonder if that will change?
Meanwhile, the former Cook County Republican chairman gets caught in his kid’s room with two hookers. By his wife. Who beats him with an electric guitar. Did you hear about it?
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