PDA

View Full Version : Results coming in from Illinois' 67% tax-rate hike



Little-Acorn
08-25-2011, 06:14 PM
Not sure this even qualifies as "news". It's one of the most predictable outcomes we have.

But, no doubt, those in charge in Illinois will describe it as "unexpected".

-------------------------------------

http://www.americanthinker.com/blog/2011/08/graph_for_the_day_for_august_25_2011.html

Graph for the Day for August 25, 2011

Randall Hoven
August 25, 2011

"We have an emergency, a fiscal emergency... Our state was careening toward bankruptcy, fiscal insolvency. Even in the last couple of months, the situation got seriously more dire. So the governor has to act at the moment. And that's what I did." Illinois Governor Pat Quinn, upon passage of a 67% tax increase at end of lame duck session, January 12, 2011.

"Democrats argued the tax increase was needed to rehabilitate the state's deadbeat image, but Republicans predicted it would drive businesses out of state." The Chicago Tribune, January 12, 2011.

http://www.americanthinker.com/blog/assets/unemployment_screenshot.png

How long before Democrats come piling in, to tell us that it is all a coincidence?

P.S. There's at least one very famous guy from Illinois, who wants to raise taxes for the entire country too.

Little-Acorn
08-25-2011, 07:00 PM
There is no truth to the rumor that tumbling employment numbers in Illinois are cause by massive closures of motels along the Wisconsin border, after all the Wisconsin Democrat legislators finally packed up their bags and went home.