Farmland Bacon

Posted on January 9, 2011

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Do you suppose this (see story about enormous tax increase below), will cure (pardon the pun) Illinois voters from voting Democrats?  My guess is some but not all.  The ones who are feeding at the trough and pay no taxes will always re-elect those Robbin’ Hoods who redistribute the income and there are a lot of them (as shown in the photo) in Illinois, just as there are a lot of them in California and New York.  Here in California, Jerry Brown has said that there will be no tax increases unless the people vote for them.  Well naturally the ones who’s ‘bennies’ stand to be cut off by budget cuts will vote for new taxes – they won’t be the ones paying for them!

Democratic lawmakers push 75% state income tax increase

Personal rate would rise to 5.25% from 3% for 4 years

January 06, 2011|By Ray Long and Monique Garcia, Tribune reporters

SPRINGFIELD — — Gov. Pat Quinn and top Democratic lawmakers reached a tentative agreement Thursday on a major, post-election income-tax increase and a $1-a-pack cigarette-tax hike to stabilize the state budget and provide a cash infusion for schools.

The plan, detailed by Senate President John Cullerton following closed-door meetings with the governor and House Speaker Michael Madigan, still faces a review by rank-and-file members of the Democratic-led legislature in the waning days of a lame-duck session.

Under the proposal, the state’s 3 percent personal income-tax rate would rise to 5.25 percent for four years, then fall to 3.75 percent. All told, that’s a 75 percent increase.

 

 

 

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