Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

Illinois Legislature Votes To Increase Income Tax By 66% : SB 2505

Instead of the proposed 75% Income Tax increase and $1 on a pack of smokes – Illinois Lawmakers have graciously assented to a 66% Tax Increase while allowing the residents of Illinois to keep their “cheap” habit.

“Quinn’s office said the higher taxes will generate about $6.8 billion a year – a major increase by any measure. In percentage terms, 66 percent might be the biggest increase any state has adopted while grappling with recent economic woes.

It will be coupled with strict 2 percent limits on spending growth. If officials spend above those limits, the tax increase will automatically be canceled. The plan’s supporters warned that rising pension and health care costs probably will eat up all the spending allowed by the caps, forcing cuts in other areas of government.”

Illinois Residents can see which of their elected Offal voted for this increase by visiting here and reviewing “Voting History” for SB 2505 or here to view “All Actions” taken.

Governor Quinn whom promised not to increase taxes more than “1 point” during his Election Campaign is the last-ditch effort to stop this ridiculous increase.

“During his election campaign, Quinn promised to veto any tax plan higher than his proposal for a 1-point increase.”

Here is the opportunity for Mr. Quinn to pick up his Spear and Magic Helmet as promised. Illinois residents should encourage a Veto by contacting his office:

Springfield
Office of the Governor
207 State House
Springfield, IL 62706
Phone: 217-782-0244
TTY: 888-261-3336

Chicago
Office of the Governor
James R. Thompson Center
100 W. Randolph, 16-100
Chicago, IL 60601
Phone: 312-814-2121

The reader may also want to contact the Lt. Governor  Sheila Simon as well:

Springfield
Office of the Lt. Governor
214 State House
Springfield, IL 62706
Phone: 217-782-7884
Fax: 217-524-6262

Chicago
Office of the Lt. Governor
James R. Thompson Center
100 W. Randolph, 15-200
Chicago, IL 60601
Phone: 312-814-5220
Fax: 312-814-4862


Illinois has the 9th highest foreclosure rate in the Nationpretty much a captive audience.

Illinois has 780,000 Food Stamp recipients – no doubt to increase after this folly.

Illinois Legislators waited to increase Taxes until after the Census and the Election (SB 2505 was introduced in 1/2010) – can’t have a mass migration to more economically friendly states now can we?

If I were the formerly brilliant Carnac from late night fame, here is what might just be in the envelope:

“Press Release: Governor Quinn, taking a stand against the evil Illinois Legislature, clung to his Campaign Promise like the rural “gun and religious clingers” in the 2010 election. As a result of his dedication to the Illinois Citizens – the Income Tax Rate will only increase 33%.”

 

Illinois Residents will be “thankful” they were only partially screwed, Quinn gets what he wanted in the first place, and all breathe a sigh of relief.

UPDATE

 

 

Considering that Quinn has been in charge since Blago got caught trying to sell a now famous former politicians seat – I suppose this shouldn’t come as any surprise. There was a fiscal emergency long before 2 months ago and SB 2505 was voted in hours before the new Legislature (which would be responsible during the next election cycle) was signed in.

“We had an emergency, a fiscal emergency,” Quinn said during a statehouse news conference this morning, just hours after the state Senate voted to send him the tax legislation.

Quinn said “no” when asked if he had been dishonest with taxpayers for campaigning during the 2010 election on a 1 percentage point increase in the income tax rate but now agreeing to sign the 2 percentage point hike.

The governor sought to justify the larger increase in part by saying fiscal experts had told leaders the state’s financial problems were escalating in the last two months.

“Our house was burning,” Quinn said. “Our fiscal house was burning.”

 

State Legislature learned bunches from their “big brother” the Federal Legislature. Push it through on the way out the door.