Fun with money
Thursday, Apr 3, 2014
* Approximate projected net cost of the Democratic plan to mail $500 property tax “rebate” checks to every homeowner before the November election: $700 million.
* Approximate projected net revenues from House Speaker Michael Madigan’s 3 percent tax surcharge on income over a million dollars, which is all earmarked for education: $1 billion.
Couldn’t they just give schools another $700 million and forgo creating a top state income tax rate of 8 percent?