Ignoring the need for fundamental spending reform as now being demonstrated in neighboring states such as Indiana and Minnesota, last night, under cover of darkness and during a lame-duck session of the state legislature, Illinois Democrats rammed through a 66 percent income tax increase. This means that if you are fortunate enough to make $100,000 (and I’m not), you will be paying $2,000 extra annually, or $167 more every month.
And what do you get for all this largesse? Simply the knowledge that the pro-Democrat unions will continue receiving their fat, unaffordable pensions for years to come.
Taxpayers who have already made cuts to their personal budgets during this recession are taking it on the chin once again, through no fault of their own. Defenders of the “need” for a tax hike asked me what cuts I would make to balance the state budget. That question is now moot, replaced with this one: What further cuts will I make to balance my own?