mardi 31 mars 2009

Raise Taxes!

  • Mayor Daley said today he would support Gov. Quinn's call for a 50 percent increase in the state income tax, only if it's tied to property tax relief and only if the governor scraps a plan to withhold millions in income tax growth from cities.

    Daley also demanded an infusion of capital funding to the CTA to ease pressure to raise fares and at least $200 million and pension relief for Chicago Public Schools to avoid classroom cuts and another local property tax increase.

And as you raise taxes, corporations and industry will flee the city and state, leading to this:
  • The jobless rate in the Chicago metropolitan area spiked to 9 percent in February, up from 5.6 percent a year earlier, exceeding the nation's 8.1 percent rate and the state¹s 8.6 percent rate, the Illinois Department of Employment Security said Tuesday.

    The area lost 126,400 jobs over the year.

Strap in people. It's going to be a rough ride.

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