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Friday, January 07, 2011

Illinois Governor Increasing Taxes

Illinois is running dead last in Moody's state ratings. Their deficit is expected to be 50% of revenues this year. What's the plan from new Democratic governor Pat Quinn? If you guess tax increases, you guessed correctly. Here's the plan:

1. Illinois plans to be the first state to tax internet purchases - at 6.25%.
2. Increase income taxes from 3% to 5.25%, but rest assured if you trust the government - 2% of this will be temporary. When have we heard that before?
3. Same ol, same ol - Cigarette tax hike. Ol reliable. Nope - no hope an' change in Illinois.

Would you expect any different from a democrat from Illinois?