Munger: To get out of current backlog of bills, taxes would need to be raised by 8%.–
If you’re so obviously challenged by the language and arithmetic that you post something so ludicrous for all the world to see, perhaps you shouldn’t, especially if you’re speaking for lawmakers who are supposed to know what the heck they’re doing and talking about.
If raising taxes BY 8% did the trick, there really wouldn’t be much of a beef, would there?
I suspect Munger said raising the personal income tax rate TO 8%.
BY and TO mean very different things, in this context.
Raising the personal income tax rate TO 8% would increase the current rate BY more than 100%.
Little words, big differences. Learn, think, edit or don’t hit “send.”
Also, I’m not running that poll because he refuses to disclose the name of the pollster. And, it’s apparently completely automated, which likely means no mobile phone calls. If there were, they weren’t disclosed in the article.
Mike Madigan and John Cullerton need to tell us how we will pay for their underfunded $7 billion dollar budget. They both created this mess long befor Rauner became Gov. Gov. Rauner has said he will work with them to come to an agreement. The problem is Mike Madigan and John Cullerton do not care about the middle class. Mike and John will not propose any tax solutions since that have none. Rauner has said if he gets TA he willing to consider a service tax and an increase in the state income tax rate.
Joe Blow and Nick Name Rauner has proposed a budget for the last two years. Yes they were out of balance, but it is Mike and John job to fo negotiate with the governor to fill in the revenue difference.
So the Governor can giveth to allow the GA to taketh away? Sweet deal! Not. The Gov needs to do his job propose a balanced budget with the revenue everyone agrees needs to happen. Remember tax hike mike?
The Governor has proposed a budget. Yes it does not balance, but as he said he is willing to include tax increases such as income and service taxes for a balanced budget. Also he has stated you can not raise revenue without including reforms that will bend the cost structure of state government and improve the state attractiveness for business. Taxes with out reforms accomplishes nothing. As far as tax hikes the Democrats and Republicans need to meet and work this out. Rauner can not pass any tax hikes without Mike and John approval.