Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
South Side Ald. Willie Cochran pleaded guilty March 21 to felony wire fraud for spending his ward’s charity funds on personal expenses. That’s 30 Chicago aldermen convicted of corruption since 1972.
The South Side alderman had been charged with stealing charity donations to finance his daughter’s college tuition payments and casino getaways in Indiana, among other offences.