This will happen in every state as the economy continues to crash and
revenues disappear. Governments don't know anything else and they aren't
going to cut back on their gravy train unless the people stand up and
say
enough is enough.
Doomsday Predictions Tax Illinois
State watchdog group calls for 'historical' increase in personal income
tax
By JENEL NELS Feb 22, 2010
In order to crawl from beneath crushing debt and reach fiscal solvency,
Illinois legislators must choose from a series of options that range
from
bad to worse, according to a prominent watchdog group.
The Civic Federation wants to launch an intervention that includes
significant budget cuts and the largest tax increase package in Illinois
history, all in an effort to save the state from a $12.8 billion budget
deficit.
"Doomsday is here for the state of Illinois," said Laurence Msall, Civic
Federation President, to the Sun-Times.
The group says it would support a state income tax increase from 3 percent
to 5 percent. It also recommends the state tax retirees' pension and
Social
Security checks be taxed for the first time at the same rate as workers'
paychecks. They want another $1 increase on a pack of cigarettes and
to
eliminate $181 million in corporate tax breaks.
If implemented, the Federation's recommendations could shave off $8
billion,
but there is a catch.
In order to implement those increases, the Civic Federation says unions
should pay more toward their pensions and health care -- but the unions
aren't interested.
"Illinois' fiscal crisis has been many years in the making. It was caused
by
more than 30 years of pension underfunding and many years of spending
unfettered by the state's shrinking revenue resources," said Msall.
The group's plan would help alleviate the deficit by 2012, they say.
The state's red ink has already caused a backlog of unpaid bills to
public
universities and schools, transit systems and social services.
"The Civic Federation does not enjoy advocating a significant tax increase
in the middle of a difficult recession. However, continuing to do nothing
would be by far a worse option," said the Civic Federation in a statement
on
the group's website.
----------
.. anonymous Getting rid of corporate tax breaks will only push more
corporations, and jobs, out of state. Increasing the income tax will
push
the wealthy, that spend money in Illinois, out of state.
In you really want to solve this problem you need to find a way to make
the state less desirable to the people costing the state a lot of money,
and
more desirable to the wealthy and business owners. I guess that idea
is so
politically incorrect that we would rather go bankrupt and all suffer.
moreGetting rid of corporate tax breaks will only push more corporations,
and jobs, out of state. Increasing the income tax will push the wealthy,
that spend money in Illinois, out of state.
In you really want to solve this problem you need to find a way to make
the state less desirable to the people costing the state a lot of money,
and
more desirable to the wealthy and business owners. I guess that idea
is so
politically incorrect that we would rather go bankrupt and all suffer.
Monaco doesn't have an income tax and the wealthiest people in the world
moved there. Our goal in Illinois appears to be the opposite.
NOTE: Most of us in Illinois have been laid off a year or longer.
Illinois has the highest unemployment rate in the nation and we're
trying to
survive on the measley unemployment checks! Where the heck do you think
we
can come up with money for these ever increasing taxes???? Oh OK, I'll
pull
it out of my... moreMost of us in Illinois have been laid off a year
or
longer. Illinois has the highest unemployment rate in the nation and
we're
trying to survive on the measley unemployment checks! Where the heck
do you
think we can come up with money for these ever increasing taxes????
Oh OK,
I'll pull it out of my ....errrr.... back pocket.
Poster
is ANITA SANDS HERNANDEZ, Los Angeles Writer, mother of 4 and career Astrologer.
Catch up with her websites TRUTHS
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the COMING GREAT DEPRESSION, and
Secrets of Nature, HOLISTIC, AFFORDABLE HEALING. Also HOW
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Anita is at astrology@earthlink.net ). Get a free natal horoscope "my money/future
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