It’s just a bill
Wednesday, Apr 18, 2018 - Posted by Rich Miller
* Greg Hinz…
In a gesture of political defiance that even some Republicans found hard to resist, the Illinois House today overwhelmingly approved a bill that, if upheld, would give the state’s taxpayers a workaround to new federal tax rules limiting the deduction for state and local taxes to $10,000 a year.
The measure passed 93-15, far more votes than the 60 needed and well above what would be required to overcome any veto by Gov. Bruce Rauner, who has not publicly stated a position on the measure.
The bill now goes to the Senate, where the same temptation to “protect Illinois taxpayers” may prove irresistible. But it could set up a legal showdown with the Internal Revenue Service, which some insiders believe would block any such provision, and a court battle.
Under terms of the measure sponsored by Rep. Jonathan Carroll, D-Northbrook, Illinoisans would receive a credit for contributions to a new charity set up to fund public schools statewide. The credit would be applied against an individual’s Illinois income-tax liability.
Since charitable contributions are not capped under the new federal tax passed at the request of President Donald Trump, the measure in theory would restore full deductibility for state and local taxes on federal returns, rather than limiting them to a combined maximum of $10,000.
A recent study by California’s Franchise Tax Board found that the new federal tax law will cost a million Californians a total of $12 billion next year.
* Well, that’s one way of dealing with frustration about your tollway bill…
Passenger cars towing trailers are getting hit with excessive tolls, state Rep. Marty Moylan says, and he has filed legislation to lower rates the Illinois tollway charges.
The issue hits home for the Des Plaines Democrat and some of his constituents who haul ATVs and snowmobiles when vacationing, as well as small businesses such as landscapers, he said. His legislation calls for reducing tolls for towed trailers and medium trucks.
“It’s ridiculous,” Moylan said. “This issue is very important to myself and residents that I have received numerous complaints from.” […]
Moylan owns a residence in Wisconsin and uses a trailer to haul snowmobiles or riding lawn mowers.
* And…
Sheesh.
- Cubs in '16 - Wednesday, Apr 18, 18 @ 3:18 pm:
===And he wonders why everyone hates him.===
Oh, I think he knows and wears it like a badge of ‘honor’.
- Anon - Wednesday, Apr 18, 18 @ 3:22 pm:
The IRS is not going to approve these charity schemes.
Frankly I am surprised to see all the Blue states so eagerly trying to help out rich folks who can now only write off $10,000 of state and local taxes instead of an infinite amount.
I suspect the same people cheering for a new progressive income tax in Illinois are the same folks that would be the first in line to try and scam the write off limits.
Frankly that write off has been used to put the bill on the national credit card for states that refuse to get their fiscal houses in order.
The solution is to continually raising taxes because up until now you could just write them off.
This will now make residents of high tax states finally start to notice the bill and question if they are really getting what they are paying for since the rest of the country is no longer footing the bill.
- walker - Wednesday, Apr 18, 18 @ 3:33 pm:
“”The IRS is not going to approve these charity schemes.”"
That’s what they said about opaque political-funding entities. LOL
- Former Downstater - Wednesday, Apr 18, 18 @ 3:35 pm:
“…since the rest of the country is no longer footing the bill.”
I’d like to stop footing the bill for low tax states who can’t provide for their citizens and rely on massive federal spending.
- wordslinger - Wednesday, Apr 18, 18 @ 3:36 pm:
–Frankly that write off has been used to put the bill on the national credit card for states that refuse to get their fiscal houses in order.–
Yeah, that “tax reform” bill really got the federales fiscal house in order, didn’t it?
You realize those “high tax blue states” have been on the wrong end of the income redistribution spectrum forever, correct? Paying for the federales welfare for most of the South and West?
If you can’t spot the chump the first time the deal goes round, you’re it.
But you parrot back nonsensical talking points real well.
- Anonymous - Wednesday, Apr 18, 18 @ 3:37 pm:
Hey Anon, are you from Illinois or just some rando that stumbled on here? Because I have a hard time believing a Illinoisan would be happy about these deduction caps.
Oh and that comment about how Blue states are the ones being subsidized is rich, and not the Miller kind.
- Anonymous - Wednesday, Apr 18, 18 @ 3:42 pm:
Right before the vote, Drury inquired if the ghost voting that frequently occurs on the floor is proper. When that question went unanswered, he asked for a verification. Lobbyist Hillman must have been hired by the ghost-voting caucus. Sheesh.
- paddyrollingstone - Wednesday, Apr 18, 18 @ 3:44 pm:
Wordslinger - “If you can’t spot the chump the first time the deal goes round, you’re it.”
That’t the first time I’ve heard that phrase that way. I am going to start using it. Kudos.
- Kyle Hillman? - Wednesday, Apr 18, 18 @ 3:49 pm:
Boo?
- Lucky Pierre - Wednesday, Apr 18, 18 @ 3:55 pm:
The progressives running Illinois are schizophrenic.
Constantly saying the rich don’t pay their fair share and have too many tax loopholes.
SALT and mortgage interest are by far the biggest loopholes the wealthy use and now progressives are against limiting this tax deduction even for the wealthy.
Makes zero sense and will most likely be overruled by the IRS
- Steve - Wednesday, Apr 18, 18 @ 3:56 pm:
Wealthy Illinois progressives should be happy to pay more in taxation. Why a work around? The new federal tax law will allow progressives to show their commitment government.
- @misterjayem - Wednesday, Apr 18, 18 @ 4:03 pm:
To be honest, Scott Drury puts me in mind of this quote from Casablanca:
– MrJM
- Chicago Cynic - Wednesday, Apr 18, 18 @ 4:11 pm:
“Right before the vote, Drury inquired if the ghost voting that frequently occurs on the floor is proper. When that question went unanswered, he asked for a verification. Lobbyist Hillman must have been hired by the ghost-voting caucus. Sheesh.”
Yea, but if you want to ask for verification, you kinda need to vote on the measure.
- Da Big Bad Wolf - Wednesday, Apr 18, 18 @ 4:23 pm:
A better work around: take back Congress and restore SALT.
- Anonymous - Wednesday, Apr 18, 18 @ 4:34 pm:
MrJM - it was clear that Lang gave this a lot of thought. He was seething at the fact he lost control of the floor.
- Morty - Wednesday, Apr 18, 18 @ 4:36 pm:
-The new federal tax law will allow progressives to show their commitment government.
No, not their commitment to government.
The tax law was a give away to the rich and the corporations.
- Lefty Lefty - Wednesday, Apr 18, 18 @ 4:39 pm:
Who, pray tell, are the “progressives running Illinois”? Names please.
- Anon - Wednesday, Apr 18, 18 @ 5:08 pm:
Hate to break the news, but even charitable contributions will only benefit you if it is higher than the new standard deduction. Since that deduction doubled, many of the people complaining will “feel” like they have benefited by a scheme such as this, but in reality it is just a paper “shuffle”.
- Ron - Wednesday, Apr 18, 18 @ 5:26 pm:
Illinois literally is near the bottom in receiving federal tax dollars back. I believe it’s something like $0.85/$1.00 we get back. I am extremely tired of subsidizing right wing nut job states like west Virginia and Alabama.
- Cannon649 - Wednesday, Apr 18, 18 @ 7:56 pm:
” I am extremely tired of subsidizing right wing nut job states like west Virginia and Alabama.”
Let’s looks are continually relected officials and start with Durbin. They folks have brought very little to Illinois is the past 20 years they they still in Congress. They do what machine tells them - over and over.
- wordslinger - Wednesday, Apr 18, 18 @ 8:08 pm:
–Lets looks are continually relected officials and start with Durbin. They folks have brought very little to Illinois is the past 20 years they they still in Congress. They do what machine tells them - over and over.–
Sober up and make an effort. You’re embarrassing yourself and wasting others’ time.
Seriously, that’s from me, not your momma.
- wordslinger - Wednesday, Apr 18, 18 @ 8:44 pm:
–To be honest, Scott Drury puts me in mind of this quote from Casablanca:–
Comparing Ugarte/Peter Lorre to Drury is… probably mean and complimentary at the same time. Because Peter Lorre was the goods as Ugarte.
In my book, the greatest movie of all time. No doubt. I won’t yammer on-an-on as to why.
Those Epstein boys from out east really know to put a team together, though. I wonder what happened to them?
So here’s to the Resistance, and to the American Vichy who will flip back to what they know is right, and to those who couldn’t pick a side, but knew what was right…
We’ll muddle through this mess. And we’ll leave it better than we found it.
Vive le Republique, vive le Resistance, and Vive le American.
https://www.youtube.com/watch?v=SEJHJ_WfNgU
https://www.youtube.com/watch?v=HM-E2H1ChJM