Having robbed the usual places for every tax dollar they can overspend, the Illinois legislature did a July 4 surprise session and overrode the governor's veto of the bill hiking taxes by an instant 32%.
Let's hear it for those Dems, lookin' out for the little guy! Reminds me of that scene from
Goodfellas where the Mob takes over a business and drives it straight into bankruptcy, then torches the joint for the insurance. It's a bust-out operation, done at a state level.
QuoteTwo days ago when we reported that the Illinois House had voted 72-45 to pass a 32% income tax hike (and a $36 billion spending plan), in an last ditch scramble to provide the state with its first budget in three years (or else suffer the first ever US downgrade to "Junk"), we said that "ultimately, the fate of Illinois' credit rating is now in the hands of Rauner, and whether and how fast his imminent veto is overriden."
We got the answer on Independence Day afternoon, when just around noon, first the Senate voted to approve the House tax hike and spending bill, then shortly after, Gov. Rauner - just as he warned he would - vetoed both the income tax increase and the budget bill and budget implementation bill....
I just vetoed Speaker Madigan's 32% permanent income tax increase. pic.twitter.com/Hn5SPm0w2h
— Bruce Rauner (@GovRauner) July 4, 2017
.... only to be himself overriden moments later by the Senate, as it took the drastic measure to end a record budget impasse.
The 36-18 vote in the Senate on the tax hike came after a very short debate, and two days after more than a dozen Republicans in the House broke ranks with Rauner to join Democrats to support the plan amid growing frustration.
Needless to say, former PE titan, Bruce Rauner disagreed, and in his veto message to lawmakers said that "the package of legislation fails to address Illinois' fiscal and economic crisis —and in fact, makes it worse in the long run. It does not balance the budget. It does not make nearly sufficient spending reductions, does not pay down our debt and holds schools hostage to force a Chicago bailout." Rauner also noted he did not get the economic agenda items he had made a requirement to sign a tax hike into law.
"This budget package does not provide property tax relief to struggling families and employers. It does not provide regulatory relief to businesses to create jobs and grow the economy. It does not include real term limits on state elected officials to fix our broken political system" said Rauner, listing the issues from what he once dubbed his "turnaround agenda."
http://www.zerohedge.com/news/2017-07-04/illinois-tax-rate-soars-32-after-senate-overrides-governor-veto
So when do people start moving again?
Quote from: walkstall on July 05, 2017, 06:19:35 AM
So when do people start moving again?
:lol: :lol: :lol: :lol: As in, all those cutthroat Somali dirtbags moving
IN...?
I think we can fairly add Illinois to the cesspool.
Still think we should parse out Illinois and give them to another state who can be responsible. Give all of Illinois to Indiana and ask Trump for military help to secure Chicago borders and go in and clean house.
Quote from: topside on July 05, 2017, 12:50:19 PM
Still think we should parse out Illinois and give them to another state who can be responsible. Give all of Illinois to Indiana and ask Trump for military help to secure Chicago borders and go in and clean house.
Why would Indiana want Illinois?
Seriously, I worked for a large corporation headquartered in IL. Those who get sentenced to home office "get the hell out of dodge" once they retire. I escaped home office in my 42 year career by being politically incorrect to the point I would not fit in in the HO environment.
Quote from: topside on July 05, 2017, 12:50:19 PM
Still think we should parse out Illinois and give them to another state who can be responsible. Give all of Illinois to Indiana and ask Trump for military help to secure Chicago borders and go in and clean house.
Indiana doesn't want Illinois. That's the problems with these crapholes... libs destroy the place and flee to ruin another state. If you crap everywhere, you need to roll around in it. It's proof that liberals love liberalism until they are inflicted with it.
Whoever said Chicago ought to be absorbed by Milwaukee - some idiot, doesn't know anything about the utter hatred the two cities have for each other. Just the sports teams, Packers vs Bears; Brewers vs Socks/Cubs - has caused *many* fights. Besides, Wisconsin has already surrendered Lake Geneva to the Chicago suburbs!
Politically, the two states are starting to move in opposite directions, just look at the budgets deficits.
As for similarities, the inner city decay of Chicago is years ahead of Milwaukee...
Quote from: walkstall on July 05, 2017, 06:19:35 AM
So when do people start moving again?
That's what I was about to post. Those that can will move out of state leaving the state with less people to tax and less revenue to pay their bills. They're finished.
Quote from: The Boo Man... on July 05, 2017, 07:35:51 PM
That's what I was about to post. Those that can will move out of state leaving the state with less people to tax and less revenue to pay their bills. They're finished.
They need Seattle's old billboard, "Will the Last Person Leaving SEATTLE -- Turn Out the Lights." All they have to do is change Illinois for Seattle.
Quote from: walkstall on July 05, 2017, 07:54:03 PM
They need Seattle's old billboard, "Will the Last Person Leaving SEATTLE -- Turn Out the Lights." All they have to do is change Illinois for Seattle.
:lol: :lol: :lol:
Wasn't that the Boeing kerfuffle?
Quote from: The Boo Man... on July 05, 2017, 09:09:11 PM
:lol: :lol: :lol:
Wasn't that the Boeing kerfuffle?
Yep!!