Illinois is hiking taxes while our neighbors are lowering taxes

By Dennis Byrne

“Stateline,” a daily newsletter of the Pew Charitable Trust reports, “States Pursue Tax Cuts as Recovery Takes Hold.”

Of course not in Illinois where Gov. Pat Quinn wants to makes permanent his temporary, huge income tax increase and House Speaker Mike Madigan and his henchmen are pushing to impose a surcharge on millionaires. As for our immediate neighbors, Stateline reports:

Indiana Gov. Mike Pence, a Republican, has also been battling local governments over cutting taxes. Pence signed a bill this week that reduces the corporate income tax from 6.5 percent to 4.9 percent in steps by 2021. He signed the bill despite opposition from local governments, which get $1 billion annually in corporate tax revenue.

Pence said the law “does not unduly burden our local governments. It gives our local governments the ability to make decisions for themselves about what would enhance their ability to attract investment.”

Out of 177 IL Legislators, These 24 Turned Down Their Pensions

If it bleeds, it leads. Good news is no news. That is the usual rule.

But a steady diet of bad news is demoralizing. And the struggle to clean up Illinois is going to take a long time. So we will need all the morale-boosting we can get.

Sometimes good things do happen, even in the Prairie State.

So, it is with great pleasure that we share with you a little good news from Springfield.

But first, a historical detour.

At the time of this country’s founding, everyone understood that serving in political office was not a full time job, and it was not a lifetime career. Most elected officials in the early days of the United States, and in the early days of Illinois, went into politics after they had established themselves in some professional field. Political office was just one stage of a successful life, typically a late stage, not an all-consuming vocation.

As a result, back in the old days, no one would have thought of having a pension system for lawmakers. Legislators did not go to Springfield the way young men once went into the steel mills or the auto factories, expecting to work for decades and get a pension at the end of it. But as defined benefit pensions faded out in the private sector, they took root in the Illinois legislature.

At the very moment when Illinois is facing a pension crisis, we are pleased to see that some Illinois legislators are leading by example—and out of their own pockets.

Governor Quinn

Hey Governor Quinn, if your policies worked so well, why do you want to raise taxes again so badly? Didn’t you promise the tax increase was only temporary?

Here are some selected responses to Governor Quinn’s incompetence:

Sen. Jim Oberweis (R-Aurora): “The Governor claims lower government costs than we had in 2008 and we know the tax revenues are much higher than in 2008, so what happened to the money? Despite all the promises three years ago, why does the Governor want to make the 2011 ‘temporary’ income tax hike permanent? Most of us would be a little more willing to put up with higher taxes if we believed that those dollars were spent efficiently. Unfortunately, government waste, fraud and abuse have clearly shown the opposite. Where is that money?”

Sen. Darin LaHood (R-Peoria): “Governor Pat Quinn and his legislative majority friends seem to be unclear on the concept of ‘temporary,’ as that was the word used to describe the massive 2011 tax increase, which cost the average family one-week’s income. Temporary should mean temporary, but it is apparent that Governor Quinn is guilty of ‘political malpractice.’”

Who Pays America’s Highest Property Taxes?

from Forbes

This list is compiled with data from the Tax Foundation, a Washington, D.C.-based nonpartisan tax research group. Using statistics from the 2007 U.S. Census American Community Survey, it calculated, by county, median property taxes paid on homes, median home value, taxes as a percentage of home value, homeowner median income and taxes as a percentage of income. Our rankings are based on the last measure.