Politics

Illinois House Dems Pass $5 Billion Tax Increases

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Illinois democratic controlled house just passed personal and corporate tax increases that will hike up the personal income tax by 32%.

This is the democrats way of trying to fix their debt ridden state. The tax rate increase passed with a 72-45 vote in their democrat controlled house. The bill now has to go through the Illinois state senate for approval, they are also controlled by democrats.

From The Daily Caller:

The $5 billion tax bill raises the personal income tax rate from 3.75 to 4.95 percent and the corporate income tax rate from 5.25 to 7 percent, Reuters reports

Illinois’ Republican Gov. Bruce Rauner immediately came out against the House bill on his Facebook page, promising to veto any proposal that included exorbitant tax increases.

“I will veto Mike Madigan’s permanent 32 percent tax hike. Illinois families don’t deserve to have more of their hard-earned money taken from them when the legislature has done little to restore confidence in government or grow jobs. Illinois families deserve more jobs, property tax relief and term limits,” Rauner wrote. “But tonight they got more of the same.”

The 72 votes, which include a handful of Republican lawmakers, is sufficient to override a veto from Rauner, but it remains unclear whether or not the Republicans who voted in favor of raising taxes would do so again.

Sooner or later you run out of other people’s money. They didn’t do anything about spending they just kicked the can down the road. Not unusual. It’s actually a response that’s to be expected of a snowflake!

The businesses they do have left will soon leave Illinois because of the massive corporate tax increase. Then the people of Illinois will have higher taxes and no job. Way to go dems!

About The Contrarian

Everything is not as it seems. Always be cautious and beware the wolf in sheep’s clothing. The mainstream media has an agenda, and so do I. I am here to set the record straight.

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