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Ukshep

Governor Vows To Veto The Illinois House Approved 32% Tax Increase

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Illinois is suffering an economic collapse due to the burdening cost of bloated government.  In their third year without a budget, instead of cutting down on government intervention, the house politicians insisted on raising taxes.

Many in the Land of Lincoln bailed on the state when the property taxes were increased, and this is likely to drive out even more producers. Late on Sunday evening, the Illinois House approved the most controversial element of a budget package. They approved a tax hike which will increase the state income tax rate by 32% from 3.75% to 4.95%, and the corporate income tax rate from 5.25% to 7%, to try and end a historic budget impasse. The bill passed 72-45. The House also approved a $36 billion spending plan minutes later with an 81-34 vote. According to the Sun Times, it cleared an initial hurdle on Friday with 23 Republicans voting “yes.”

Proving that people don’t enjoy their hard-earned money being stolen from them, Illinois residents fled the state, taking their money with them not long after the state jacked up the property tax rate.  The governor is vowing to veto this newly approved income tax hike, though, as Illinois is already one of the most taxed states. But the veto would more than likely be overridden.

http://www.thedailysheeple.com/governor-vows-to-veto-the-illinois-house-approved-32-tax-increase_072017

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38 minutes ago, Ukshep said:

Illinois residents fled the state, taking their money with them not long after the state jacked up the property tax rate.

This is exactly what I did in 2004, when McGreevy got elected in Jersey. Property tax doubled and went to over 400% increase by 2005.  Packed up, sold the house and moved to Florida.

Now the Illinois exodus begins.

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4 minutes ago, Groove said:

Do they really think raising taxes will fix their problems? Wow. 

Sure does. When your a self serving bureaucratic maggot taking $payola.

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1 hour ago, RhetoricalRebel said:

Sure does. When your a self serving bureaucratic maggot taking $payola.

True true. Lol. 

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