While gas prices have dropped to a 12-year low in Illinois, Chicagoans pay $0.32 more per gallon than the state average due to multiple layers of city, county and state taxation.
Instead of spending reform and policies to promote economic growth, Illinois House Speaker Mike Madigan proposes the same high-taxing, big-spending plans that got Illinois into its current fiscal mess.
Mayor Rahm Emanuel’s proposed 2 percent tax and new regulations would harm Chicagoans trying to make ends meet by renting out space in their homes, as well as tourists looking for less expensive lodging.
The Liberty Justice Center sued the city of Chicago in September to compel the city to stop collecting a 9 percent amusement tax on Internet-based streaming video, audio and gaming services.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.