Showing posts with label Politicians Dance as Illinois Faces Massive Raise in Income Tax. Show all posts
Showing posts with label Politicians Dance as Illinois Faces Massive Raise in Income Tax. Show all posts

Tuesday, January 11, 2011

Politicians Dance as Illinois Faces Massive Raise in Income Tax

The juxtaposition of Illinois' new governor dancing with a pretty woman while the Chicago Tribune story below reported a possible massive raise in the state's personal income tax was irresistible.

The lame-duck pollys in the Illinois Legislature want to use their Demoblican majority to raise the state income tax 66 to 75-percent to address the state's massive deficit.

In addition- the pollys are raising the corporate tax- as well as doubling the cigarette tax (welcome to Missouri Illinois smokers!).


One HAS to wonder- in light of the ongoing Recession (Depression)- how long politicians can try balancing local- state and national budgets on the backs of an already strapped citizenry.

I've got to wonder how LONG before America's middle to lower-income population literally snaps?
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