Illinois Lawmakers “Bite the Bullet” – Raise Taxes A Modest 66%

UPDATE at bottom

Chicago’s home state has gone and done it, raised taxes and promised to spend more money:

My original original Post here:

There is official cheering in Indiana, whose governor is rolling out the welcome mat and has promised asylum to Illinois residents and businesses. The state’s business tax bas was hit by a 46% tax increase.

Governor Brown looks like Solomon in comparison, with his plan, flawed though it may turn out to be:

So far he has proven me wrong by not even asking for a 15o% tax hike. But the legislature isn’t done yet.

UPDATE: Here is a word on Indiana Governor Mitch Daniels reaction:

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