Gov. Pat Quinn's budget plan for next year calls for deep sacrifice for Illinoisans, with the governor seeking to increase the state income tax rate on individuals by 50 percent and ask many state employees to take unpaid time off next year to fill an $11.6 billion budget hole.
Quinn is also asking lawmakers to make state employees and retirees pay more for health insurance, increase business taxes and make major changes to the state's pension systems for new employees.
Tuesday, March 17, 2009
Illinois: 50 percent income tax hike
Unlike private sector firms that are cutting costs to keep prices steady on their goods and services, the governor of Illinois wants state taxpayers to pay even more for government operations.
Subscribe to:
Post Comments (Atom)
-
The future will be far more surprising than most observers realize: few have truly internalized the implications of the fact that the rate ... -
Bad ideas are sometimes the hardest to de-throne. It’s probably accurate to say most people think of money as the paper currency printed...
-
I’m sure there will be some shocking events in 2018, but I have no idea what they will be. There are too many wildcards in the mix, with o...
No comments:
Post a Comment