IL Governor Rauner Gets $750,000 Tax Break, Proposes Slashing Services to Middle Class and Poor

originally posted by: KawRider9
a reply to: derfreebie

We are the fifth most debt ridden State. Cuts are going to be painful but necessary

Interesting...then why did Governor cut revenues? 750k for himself alone?

I am no expert accountant, but slashing income when you are in debt doesn't seem the best strategy?

originally posted by: swimmer15
a reply to: conspiracy nut

No, he let the 1.25% temporary income tax expire, it effects everyone. Good for everyone not working on the tax payer dime.

Quoting this for those that missed it.

The "temporary" tax expired. He didn't give himself anything, he benefited just like everyone else.

Look, he's a multimillionaire and newly elected, people are going to be pissed about any money he gets. But there's nothing nefarious going on here. He simply let a "temporary tax" expire like it was supposed to.

Did the "temporary tax" make us solvent or pay for the things it was supposed to????? No it didn't.

This tax was supposed to expire awhile ago. The new politician did what was promised by the last politician.

a reply to: Indigo5

Im no expert neither but my guess is as a successful business man himself, he understands first hand the reasons why the state is bad for buisness. My guess is he cut it because some of his big buisness buddys who packed up and left the state or currently planning to do so, said the cost of doing buisness in Illinois just doesn't make sense anymore.

Worst three states for business.

California, New York and Illinois continue to rank among the worst three states in 2014, with virtually no change from previous years. California has gained breathing space since Governor Jerry Brown took office and is credited with a budget surplus. But despite the return of fiscal discipline, it has exchanged acute problems for merely chronic ones. It is a state that continues high personal income tax rates and regulates with a very heavy hand. Its top, marginal tax rate of 33 percent is the third-highest tax rate in the industrialized world, behind only Denmark and France. This situation creates a bias against savings, slows economic growth and harms competitiveness.

chiefexecutive.net...

trying to squeeze blood from a turnip with tax's is not going to fix the problem.