Illinois passes 66 percent income tax increase

Illinois passes 66 percent income tax increase; 'job-killer,' critics say, I say duh? Have they not learned from California or Ex President Jimmy Carter that increasing taxes does not mean an increased revenue stream. Could they not learn from President Kennedy (John F. Kennedy)or Ronald Reagan or George Bush (the son not the father) who cut taxes and proves that it both increased revenue to the US treasury and created jobs. Local Business leaders decried the proposal, calling it a job-killer because raising the personal tax rate triggers a corresponding jump in corporate rates.

"Based on this particular legislation the only businesses that will benefit are the moving companies that will be helping many of my members move out of this particular state," said Gregory Baise, head of the Illinois Manufacturers' Association. Hey Is that not what Chicago has had all my life:business leaving. After the loss of so many factories, I mean why smarten up now? Personaly I thank God that I smartened up and followed the business leaders who moved their business out of the state. Could not the Ill democrats in control of the state see the Job loss and business losses of California as they continually raise their taxes and fees and regulation?