Thursday, March 20, 2014

    So I was out of town at a funeral today, and missed the fun of the millionaire amendment. My intial gut reaction is... Seriously? This feels like a movie about politics, not the real thing. And from Madigan, the most powerful man in Illinois. Come on. First off this is over the top populist, secondly I can't see it passing, but who knows. This just seems so easy to attack, because millinaires are the people who can most easily relocate. Plus this is coming from the same lawmaker who filed a bill cutting corporate taxes to 3.5%. Mixed messages? We offer lower taxes for your business, but for the owner, you get hit extra hard.
    Why are we hearing things like this? Simple, because Brady almost beat Quinn in 2010 on the single issue of not raising taxes. No one wants to raise taxes, or extend the income tax hike on very many Illinoisans.(at least not those with significant authority)
    I have to take this as a simple attempt, along with the corporate tax cut proposal, to just get lots of ideas out there before the election, make no one happy, but offer everyone hope that they're on your side. Plus maybe this lets Quinn reference this proposal as taxing people like Rauner, and hitting up the .01% thing.

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