Sponsored Content




Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!



Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

NoVaMoMe 2024: 06/08/2024
Arlington, VA
Details to follow


Texas MoMe 2024: 10/18/2024-10/19/2024 Corsicana,TX
Contact Ben Had for info





















« Sarah Palin Speaks On Tucson Murders; And The Loughner Left Has Gone Full "Conscience [sic] Dreaming" | Main | ABCNews: "Sarah Palin, once again, has found a way to become part of the story" »
January 12, 2011

Illinois Democrats Engage In Liberals Other Favorite Hobby: Raising Taxes

Sure, demonizing Sarah Palin and conservatives in general is fun but it's just a means to an end...increased Democrat control of government and society. And what do Democrats do when they are in charge? Raise taxes! A lot.

Democratic Illinois lawmakers beat a looming deadline and approved a 66 percent income-tax increase in a desperate bid to end the state's crippling budget crisis.

Legislative leaders rushed early Wednesday to pass the politically risky plan before a new General Assembly was sworn in at noon, taking a slice out of the Democratic majority and removing lame-duck lawmakers willing to support the tax before leaving office.

The rate increase might be the biggest any state has adopted in percentage terms while grappling with recent economic woes. Nevertheless, Illinois' tax rate would remain lower than in several other states in the region.

The increase now goes to Democratic Gov. Pat Quinn, who supports the plan to temporarily raise the personal tax rate to 5 percent, a two-thirds increase from the current 3 percent rate. Corporate taxes also would climb as part of the effort to close a budget hole that could hit $15 billion this year.

...Quinn's office said the higher taxes will generate about $6.8 billion a year — a major increase by any measure.

It will be coupled with strict 2 percent limits on spending growth.

So taxes go through the roof but there'll be a "strict" (sound serious!) limit in NEW spending? How about, I don't know...CUTTING spending?

Oh and Illinois Democrats? Yeah, don't count all that new money just rolling in. Behold what Oregon's massive tax increase did for the state's coffers.

In 2009 the state legislature raised the tax rate to 10.8% on joint-filer income of between $250,000 and $500,000, and to 11% on income above $500,000. Only New York City’s rate is higher. Oregon’s liberal voters ratified the tax increase on individuals and another on businesses in January of this year, no doubt feeling good about their “shared sacrifice.”

Congratulations. Instead of $180 million collected last year from the new tax, the state received $130 million. The Eugene Register-Guard newspaper reports that after the tax was raised “income tax and other revenue collections began plunging so steeply that any gains from the two measures seemed trivial.”

One reason revenues are so low is that about one-quarter of the rich tax filers seem to have gone missing. The state expected 38,000 Oregonians to pay the higher tax, but only 28,000 did.

In soon to be related news...Illinois' neighbors in Wisconsin (led by a new Republican Governor) is cutting taxes and is "Open for Business".


digg this
posted by DrewM. at 12:44 PM

| Access Comments




Recent Comments
Alberta Oil Peon: "Well, off to the snoozer for me. Night, Horde. ..."

Alberta Oil Peon: "King Biscuit Boy with Crowbar. Had beers with Bisc ..."

Doo-Dah, Doo-Dah: "Regarding the lack of prosecution: Isn't the corr ..."

Ciampino - Update #171: "Brooklyn woman has jaw wired shut after stranger s ..."

Ciampino - Update #170: "Army suffers two Apache helicopter crashes within ..."

m: "499 ..."

m: "498 ..."

Ciampino - Update #169: "470 They say that the drummer and his Dad's reuni ..."

Ciampino - the cost of a new engine will buy a lot of fags: "459 I doubt an ordinary camera-equipped drone cou ..."

Alberta Oil Peon: "Little Feat, "Waiting For Columbus" is a darned go ..."

Stress Management Techniques for Women: "First off I want to say excellent blog! I had a qu ..."

SunyD: "The Who were never high on my playlists. None of ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64