75% TAX HIKE
Reports indicate Democratic leaders have agreed on a plan to hike the state income tax by a whopping 75 percent. Or maybe even 83 percent.
by Kristina Rasmussen
The Sun-Times is reporting that top Democratic leaders have agreed on a plan to hike the state income tax by a whopping 75 percent. Let me repeat that: 75 percent. Some reports are indicating an 83 percent hike. Oh, and they’re going to tack on a $1 tobacco tax hike for good measure.
Consider this: a firefighter and a preschool teacher with two kids earning a combined $80,000 would pay $1,620 in higher taxes under the Quinn/Madigan/Cullerton 75 percent agreement. That’s on top of the $2,160 they’re already paying. Sheesh.
Government taking more money away from families and businesses is the last thing Illinois needs.