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Pritzker plan opens legal door to 15.22 percent corporate rate
Wednesday, Apr 10, 2019 - Posted by Rich Miller * Current Illinois Constitution…
One idea behind that clause was to prevent the General Assembly from jacking up rates on corporations by making sure they’d also have to raise rates on individuals. The current corporate income tax rate is 7 percent (not including the Personal Property Replacement Tax), while the personal rate is 4.95 percent. That’s an easy-to-figure ratio of 7 to 4.95, so there’s actually a little cap space remaining. The corporate rate could legally be increased right now to 7.92 percent (plus PPRT). * From the governor’s proposed constitutional amendment…
Pritzker’s highest proposed individual income tax rate is 7.95 percent. The governor’s proposed corporate rate is 7.95 percent. But that 8-5 ratio amendment means the corporate rate could legally be increased to 12.72 percent, plus the 1.5 to 2.5 percent PPRT. That means the highest final corporate rate could go as high as 15.22 percent. Whew. …Adding… If they cap out, and I’m not saying they will, that rate would be the highest anywhere…
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*** UPDATED x1 *** Mission accomplished
Wednesday, Apr 10, 2019 - Posted by Rich Miller * A Senate appropriations committee held a hearing on the Illinois Department of Human Services budget this week…
Villivalam used to work for SEIU Healthcare, so he should know the answer to his question. * Child care advocates have been predicting this would happen ever since Gov. Bruce Rauner started slashing eligibility in 2015. Let’s fire up the Wayback Machine…
Those projections were revised upward to 30,000 kids being deemed ineligible, then revised up again to 40,000. Because of that, a whole lot of providers simply gave up due to lack of work, decimating the provider network. * From Villivalam’s own union back in October of 2017…
* Also from SEIU Healthcare just eight months ago…
The task at hand is to convince parents and potential providers that this is now a stable, reliable program. That won’t be a simple matter. *** UPDATE *** Sen. Villivalam called to say that what he was trying to get across at the hearing was the dire need for public outreach. DHS, he said, isn’t doing much to inform the public. Villivalam has a bill in the hopper, SB1321, which would require DHS to promote the availability of the Child Care Assistance Program. That bill passed the Senate unanimously.
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Let the obfuscation begin
Wednesday, Apr 10, 2019 - Posted by Rich Miller * Let’s begin our coverage of the governor’s graduated income tax press conference with this Tribune excerpt…
The PolitiFact rating is here. I’m dubious of that rating because the “jobs tax” phrase is basically just an advertising slogan. So, for instance, the Sun-Times calls itself “The Hardest-Working Paper in America.” But is it “really” the hardest-working paper in all of America? I’m sure I could find experts, as PolitiFact often does, to establish some benchmarks about what hard work is, and about how reporters work very hard all over the country. I could then send an e-mail to the paper’s publisher asking him to justify the slogan, then follow up with maybe the Tribune’s publisher to see if he agreed. And then I could easily rate that slogan “False” or even “Pants on Fire!” because it wasn’t true. Yes, that would be silly, but don’t we generally hold newspapers to a higher standard than dark money committees? Should they be allowed to run such misleading ad campaigns? Who’s going to speak for the children?! * Onward…
I don’t particularly care for the posting waiver, either. But, really, what actual “conversation” can Senators have while the proposal awaits a committee hearing? Isn’t that what a hearing is for? * The proposed constitutional amendment deletes this line from the existing document…
* Republicans pounced…
* Here’s the
I get what Harmon is saying, but somebody may have over-thought that language deletion. They should’ve just left the originally proposed language in place. …Adding… Um, so how does one get this headline…
From this?…
Unlike all previous income tax hikes, this one would only be on upper-income folks.
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Lightfoot heads to Springfield after agreeing to allow massive TIF deal vote
Wednesday, Apr 10, 2019 - Posted by Rich Miller * From the mayor-elect…
…Adding… Times are being firmed up…
* Meanwhile…
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*** LIVE COVERAGE ***
Wednesday, Apr 10, 2019 - Posted by Rich Miller * Follow along with ScribbleLive…
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