Posts tagged: tax

SPOTLIGHT: Tax, Spend, Repeat

Written by David E. Smith

As most readers know, the Illinois General Assembly voted to approve a massive income tax increase on citizens and corporations in Illinois over the Independence Day holiday weekend. Governor Bruce Rauner vetoed this tax grab as soon as it arrived on his desk. But within two days of his veto, Democrats in the Illinois Senate and House overrode his veto with the help of eleven weak-kneed Republicans.  … Continue Reading

Meet the Politicians Who Stand to Get Rich Off Of Chicago’s Massive Property Tax Hike

Written by Austin Berg

Chicago City Council passed the largest property-tax hike in modern city history by a vote of 36-14 on Oct. 28, approving Mayor Rahm Emanuel’s 2016 budget proposal.

The budget includes a $588 million property-tax hike to be phased in over the next four years.

In short: Chicagoans are likely to take a closer look at their upcoming tax bill, as homeowners and small-business owners will need to see just how large a hit their family’s bottom lines will take.… Continue Reading