Republicans trying to raise taxes! (Chicago: gated, live, stations)

[Liledgy]

Originally Posted by skeddy

State income taxes need to be raised at least 20% to reach fiscal well being.

[Rauner] would probably do it if he could get re elected. He is desperate.

[BaptistFundie]

Originally Posted by Liledgy

OMG, say it ain't so. Jim Durkin and the repubs wants to raise taxes.

why does anyone think EITHER party is serious about actually being responsible?

I'd be ok with higher taxes if the tax revenue was in any way linked to the amount of money they'd actually spend. But they aren't. They will spend what they spend regardless of the money in the bank.

[Jacobo1]

Originally Posted by My Kind Of Town

True but that's setting the bar low and doesn't negate the fact that the over the top conservative movement in Kansas is an epic failure.

https://www.google.com/amp/www.chica...olumn,amp.html

no the low bar is us

[My Kind Of Town]

Originally Posted by Jacobo1

no the low bar is us

That's what I said...but does not negate the fact that Brownback has caused a significant amount of hurt in a short period of time in Kansas. He's over the top with his conservative policies (basically the exact opposite of Illinois). Hasn't worked out well for him (or Kansas). He won't be elected for any future political position after this train wreck that's for sure.

https://www.google.com/amp/www.chica...olumn,amp.html

[Liledgy]

Originally Posted by My Kind Of Town

That's what I said...but does not negate the fact that Brownback has caused a significant amount of hurt in a short period of time in Kansas. He's over the top with his conservative policies (basically the exact opposite of Illinois). Hasn't worked out well for him (or Kansas). He won't be elected for any future political position after this train wreck that's for sure.

https://www.google.com/amp/www.chica...olumn,amp.html

Somebody tell Rauner this. At least the repubs took action (unlike Rauner) and raised income tax to 5.75%.

[dtcbnd03]

Originally Posted by Liledgy

Somebody tell Rauner this. At least the repubs took action (unlike Rauner) and raised income tax to 5.75%.

Why raise anything until pensions take a serious haircut? We're never gonna pay back $200 billion so it's pointless to raise anything. You can't START saving for retirement at 60. The only two solutions are to:

1. Tax public pensions by X% effectively reducing them and funnel 100% of proceeds into future pension benefits creating a compounding effect (for out-of-staters call it a maintenance fee)

2. If you can't do #1 then just declare bankruptcy hopefully as a state or every city in Illinois files collectively.

That's literally the only 2 solutions. We are never ever ever going to pay them back and never ever ever going to amend the constitution to be able to reduce pensions.

[Liledgy]

Originally Posted by dtcbnd03

Why raise anything until pensions take a serious haircut? We're never gonna pay back $200 billion so it's pointless to raise anything. You can't START saving for retirement at 60. The only two solutions are to:

1. Tax public pensions by X% effectively reducing them and funnel 100% of proceeds into future pension benefits creating a compounding effect (for out-of-staters call it a maintenance fee)

2. If you can't do #1 then just declare bankruptcy hopefully as a state or every city in Illinois files collectively.

That's literally the only 2 solutions. We are never ever ever going to pay them back and never ever ever going to amend the constitution to be able to reduce pensions.

Oh, another stall tactic (court case)? Why stop at public pensions, tax private too, 401k's, 457's, 403b's and even add a tax on social security. Yo know spread the pain. Heck, the wealthy will be all over that since they don't rely on any of those retirement plans. Just don't propose to tax any capital gains because then you would have a riot on your hands, 15% is already WAY more than any wealthy person should pay on there income.

[Jacobo1]

passive income has already been taxed once. you obviously don't have a strong grasp on tax policy.

[Liledgy]

Originally Posted by Jacobo1

passive income has already been taxed once. you obviously don't have a strong grasp on tax policy.

What's to grasp? That the wealthy pulled one over on the serfs? Any "new" money you didn't have the year before should be treated like regular income (yes I realize that ISNT the current tax policy). And yes I do pay capital gains when I sell some positions in my brokerage account (doesn't mean it's fair). I don't believe some 20 or 30 something that is left millions of dollars should only pay 15% on the gains of the principle. Just because he didn't have to work for the that income shouldn't mean he should realize an enormous benefit from it. The opposite should be true, he should pay more not less.

[My Kind Of Town]

Must be a holiday miracle, looks like they are finally going to get it done:

Amid impassse, Illinois House clears first hurdle towards budget plan | Chicago Sun-Times