The 47% of Illinois voters who thought Pat Quinn was fit for the office to which he was sworn in today did the more sensible of us no favors.
Illinois needs to cut spending. There are lots of ways to do this, but none of these ways are politically viable for a Democrat. Democrats are owned by the public sector labor unions and those kept in poverty by the seduction of government and its stranglehold on our state’s economy.
But it’s clear Quinn’s has a plan to keep people in Illinois: send property values though the floor so no one can afford to leave.
Read more at Marathon Pundit.
Governor Pat Quinn and the Democrats in the ILLinois General Assembly are now only looking at a relatively paltry 66 percent increase in the personal state income tax. Last week they proposed upping the rate from 3 percent to 5.25 percent–a 75 percent hike. The corporate income tax goes up too–from 4.8 percent to 7 percent, according to their latest plan. The spenders in the legislature were seeking an 8 percent rate. After four years the income tax goes down to a still undetermined amount.
This will cost me a lot of money–that cash is headed for the sinkhole known as Illinois state government. The state has a spending problem, not a revenue problem.
Last year a Quinn aide suggested a 2 percent increase in the personal state income tax, which the governor disavowed–he said he would veto a hike that big. But it appears that was Quinn’s plan all along. He’s a liar.