For the first time since 2015, Illinois will have a budget (user search)
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  For the first time since 2015, Illinois will have a budget (search mode)
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Author Topic: For the first time since 2015, Illinois will have a budget  (Read 1469 times)
Green Line
Junior Chimp
*****
Posts: 7,595
United States


« on: July 06, 2017, 05:50:05 PM »
« edited: July 06, 2017, 05:51:41 PM by Green Line »

Largest tax increase in Illinois history, common sense, sure....  perhaps to a tax and spend liberal!

Illinois will still be downgraded to JUNK status, its just been postponed.  We continue to circle the drain.  Even more taxpayers will now flee the state.  None of the structural problems have been addressed, and we will continue to be in the same position every year.  More, more, more money for the government for worse service every year.  The death spiral the state is currently in has just been worsened, no reason to celebrate.
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Green Line
Junior Chimp
*****
Posts: 7,595
United States


« Reply #1 on: July 07, 2017, 12:24:12 AM »

There's no reform coming.  If you think the honorable Michael Madigan is going to use his victory to push for reform to the state pension mess, workers comp, anything at all, the jokes on you. He will bleed this state dry before anything is "reformed".  Don't believe me?  Why is the same man who has effectively controlled Illinois government for the last 30 years suddenly going to have a change of heart?
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Green Line
Junior Chimp
*****
Posts: 7,595
United States


« Reply #2 on: July 07, 2017, 07:38:11 AM »

Largest tax increase in Illinois history, common sense, sure....  perhaps to a tax and spend liberal!

Illinois will still be downgraded to JUNK status, its just been postponed.  We continue to circle the drain.  Even more taxpayers will now flee the state.  None of the structural problems have been addressed, and we will continue to be in the same position every year.  More, more, more money for the government for worse service every year.  The death spiral the state is currently in has just been worsened, no reason to celebrate.

You mean the "largest tax increase in state history" that just reverses some tax cuts to get them back to where they were a few years ago while still overall having the 19th lowest tax burden? Sounds like fearmongering, especially when we see how the "cut all the taxes and then borrow and spend out the wazoo" plan works in Kansas and Wisconsin.

That increase was always supposed to be temporary.  Now its a "tax cut"??  You cant deduct anything in Illinois so the effective rate is much higher than 19th in the country.  Income tax was the only area of Illinois taxes that was below average, and not anymore.  This is a disaster, and it's not just about raising taxes.  Rauner was willing to raise taxes.  Democrats allowed NO structural reforms in return.  Nothing.  The incresed revenue (which will be less than anticipated as more flee the state) will all go to servicing the ever exploding debt.
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