Doomsday Predictions Tax Illinois

[The Northerner]

Source: NBC Chicago

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.

Read more: http://www.nbcchicago.com/news/local-beat/Doomsday-Taxes-State-of-Illinois-84947527.html

[SlingBlade]

1. "eliminate $181 million in corporate tax breaks", That ain't gonna

happen. Remember, We here in Illinois pride ourselves on being a blue state

[ChicagoSuz219]

2. 7-11 is already charging $11/pack for cigs in Chicago...

...go pick on some other group, for awhile...

[SlingBlade]

5. $11/pack for cigs ? Gawd. Ever think about quitting or at least

growing your own Baccy ?

That's some serious cash

[ChicagoSuz219]

6. I'm gonna start smoking crack...

...it's cheaper. LOL

[Gidney N Cloyd]

3. We are SO screwed.

[here_is_to_hope]

4. Good. n/t

[DollyM]

7. who has a job left to tax?

I have been cut to 10 hours a week at my job because the state of Illinois owes the nursing home where I work, millions in back payments for patient care. So I went and applied for food stamps. When are they going to figure out that you can't squeeze blood out of a rock. If they take it away in one area, we will have to make it up in another like applying for food stamps. Why can't they figure this out???