Taxing “the rich” doesn’t tax the rich after all

Last month we told you about the largest tax hike in the history of the state of Illinois, a 67% increase in income taxes, and corporate taxes rising to 9.5%.  This would raise $2 billion and balance the budget claimed Governor Pat Quinn (D.).  The tax was so widely popular that companies like Sears, the…

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The Tea Party and Occupy Wall Street

About 10 months ago, Illinois passed what some believe to be the largest tax increase in the state’s history.  This was on top of a tax rate in Illinois that already was one of the highest in the country.  I don’t know whether Governor Pat Quinn (D.) followed this up by proudly announcing that Ilinois was open for business,…

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