I am fond of pointing out that to Democrats there is no limit to how much of other people’s property they will spend. California is the poster child, but Illinois is vying for the title. If it weren’t for the citizens electing a Republican Governor, they’d be staring into the teeth of a 32% $5 billion dollar permanent tax increase.
Passed with a 72-45 vote, 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. The bill is on its way to the Illinois state Senate, which is also controlled by Democratic lawmakers, for approval.
This is a permanent tax increase meant to prevent a state bond rating downgrade to junk. And it has enough “Republican” votes to override the Republican Governor’s promised veto.
The traditionally Democrat-run state has $15 Billion in unpaid liabilities thanks to years of Democrat rule. If the Republicans in the Illinois House vote to override the veto they might as well elect a Democrat governors and get the economic suicide over with. Either way, residents should consider moving somewhere else. The only solution to the problem of years of Democrat rule is to leave before they pass more legislation to rob you blind.
