Illinois Democrats

Illinois Governor Pushes Ban On ‘Assault Weapons,’ ‘High-Capacity’ Ammo Magazines

As Democratic lawmakers can’t figure out why shootings and murders have erupted with renewed vigor in Chicago this summer (hints: bare-bones Chicago Police Department, gun-related laws already on the books but not enforced, and shooters not going to jail or for too short a stint), they’ve resorted to pushing more gun “control” laws on law-abiding constituents who have had nothing to do with the outbreak in violence. From a press release on the Illinois Government News Network website Sunday:

Governor Quinn Fights for Stronger Gun Laws Across Illinois
Congresswoman Kelly Joins Governor to Urge General Assembly to Pass Illinois Public Safety Act and Take a Stand Against the Violence

CHICAGO – Governor Pat Quinn, joined by Congresswoman Robin Kelly, today visited the site a recent fatal shooting in Chicago’s Morgan Park neighborhood to urge legislators to stand with families and communities and take action against gun violence. The Governor pushed passage of the Illinois Public Safety Act, legislation that would ban the sale or delivery of assault weapons and high capacity ammunition magazines in Illinois and require background checks for the transfer of guns. Today’s action is part of Governor Quinn’s agenda to make Illinois neighborhoods safer.

“The recent epidemic of violence in Chicago is unacceptable and we must join together to fight back,” Governor Quinn said. “Public safety is government’s foremost mission and Illinois should not wait any longer to act. There are too many victims of a war being waged on our streets, a war fueled in part by the availability of deadly, military-style assault weapons that have no purpose other than killing.

“We must work together to protect the lives of those we love and stop what’s happening in our communities. I urge the Illinois General Assembly to take a stand and pass this legislation that will save lives and protect communities.”

The Governor today was joined by Congresswoman Robin Kelly who recently released the Kelly Report on Gun Violence in America, the first-ever Congressional analysis of the nation’s gun violence epidemic that offers a blueprint for ending the crisis.

Senate Bill 3659 – the Illinois Public Safety Act – was introduced during the recent spring Legislative session by State Senator Dan Kotowski (D-Park Ridge) and supported by Governor Quinn. It bans the possession, delivery, sale and purchase of assault weapons, large capacity ammunition feeding devices such as magazines or clips, and .50 caliber rifles and cartridges in Illinois. Valid Firearms Owners Identification Card (FOID) holders who possess any of these devices at the time the law is enacted would be allowed to keep them, but could not transfer or sell them except to a family member. The legislation also requires background checks for the transfer of firearms except to a family member or at a gun show…

(Editor’s note: Bold added for emphasis)

Of course, the bad guys won’t obey what’s stipulated in the Illinois Public Safety Act if it becomes law. But here’s what’s really messed-up about the bans the Democrats are pushing.

According to Federal Bureau of Investigation statistics, so-called “assault weapons” and .50 caliber rifles are rarely used in crimes- particularly murders- around the state of Illinois.

From Table 20, “Murder by State, Types of Weapons, 2012” on the FBI’s “Crime in the U.S. 2012” web page (last year I could find pertinent data available for):

Illinois (“limited supplemental homicide data were received”)
Total murders (“Total number of murders for which supplemental homicide data were received”): 509
Total firearms: 439
• Handguns: 429
• Rifles: 4
• Shotguns: 2
• Firearms (type unknown): 4

439 firearm-related murders in Illinois in 2012. With a rifle (type unknown) definitely used in only 4 of those homicides.

Ban “assault weapons” and .50 caliber rifles. Yeah, that will solve the rampant violence.

Something tells me these Democratic politicians are trying to dupe voters into thinking they can end the ongoing carnage in this election year with such legislation.

Not going to happen, as the so-called Illinois Public Safety Act doesn’t even come close to getting to the root of the problem.

See “hints” above.

You can read that entire press release on the IGNN website here. And that 2012 FBI report table here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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U.S. Senator Michelle Obama (D-IL)?

“SUPER WIN FOR CHICAGO AND AMERICA!”

-Comment on website of Chicago NBC affiliate Channel 5 tonight regarding speculation surrounding a U.S. Senate run by First Lady Michelle Obama

Could First Lady Michelle Obama be our next United States Senator here in Illinois?

I spotted the following on The Great Debate blog on Reuters.com earlier this evening. Keith Koffler wrote last night:

Speculation about a possible political future for Michelle Obama has naturally centered on the White House. But that’s the wrong place — at least for now.

Illinois has a Republican senator, Mark Kirk, and he is up for reelection in 2016. He’ll be formidable, particularly given his brave recovery from a stroke. But Illinois is a heavily Democratic state, and the race could be close.

No Illinois Democratic candidate would bring the star power and nationwide fundraising capacity that Obama would.

She has proven herself a superb speaker on behalf of her pet projects and is now a veteran campaigner for her husband. She’s also remained highly popular — even as the president’s ratings have plummeted.

She could represent the Democrats’ best chance to pick up a desperately needed — and winnable — seat. A December 2012 Public Policy Polling survey put her ahead of Kirk, 51 percent to 40 percent. Democratic leaders’ pressure on her to run might get intense…

Personally, I believe that if Mrs. Obama runs for Senator Kirk’s seat, she might just win it.

Nothing against Kirk. But Koffler isn’t kidding when says the “Land of Lincoln” is a heavily Democratic state. A super-majority in both the Illinois House and Senate attests to that. And there’s always “The Machine,” which is still in good working order in Chicago.

That’s not the say the city or state is, though.

I previously thought the Obamas would bid farewell to the “Windy City” after POTUS leaves the Oval Office. But if Michelle decides a Senate seat is something she wants, then it could be several more years still…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Koffler, Keith. “Is Michelle running for the Senate?” The Great Debate. 4 Jun. 2014. (http://blogs.reuters.com/great-debate/2014/06/05/is-michelle-running-for-the-senate/). 5 Jun. 2014.

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Thursday, June 5th, 2014 Government, Political Parties 2 Comments

Illinois House Speaker Michael Madigan Vows To Get State Income Tax Hike Made Permanent

The Illinois House of Representatives approved a $35.7 billion state spending plan yesterday which didn’t factor in funds from a 2011 temporary income tax hike being made permanently available. I surmised Tuesday:

So does this mean Illinois Democrats have abandoned their push to make the temporary income tax hike permanent? I doubt it. This is “Madiganistan,” after all. And what Mike wants, Mike gets.

I wouldn’t be surprised to see some sort of maneuvering being carried out to eventually land these funds. Perhaps another “temporary” increase in such taxes sometime after the November 2014 election, with buzz words such as “fiscal emergency” and “for the children” being used to justify the measure?

Monique Garcia, Ray Long, and Maura Zurick reported on the Chicago Tribune website last night:

Speaker Michael Madigan acknowledged the budget proposal would leave unfinished business and vowed to spend the summer and fall working to get the income tax hike made permanent to provide more money to run state government. The approach also ensures the governor’s race will continue to be framed up by opposite positions on a tax hike Democratic Gov. Pat Quinn and Republican challenger Bruce Rauner have staked out.

“My expectation is that this issue will be taken into the general election and I think the governor will be supportive of an extension of the income tax increase through the general election,” Madigan said. “My expectation is that Mr. Rauner will be against. So you’ll have a clear line of division going into the election. And people can make their choice.”

(Editor’s note: Bold added for emphasis)

Hmmm. Should Governor Quinn be re-elected, one more buzz word I suspect Illinoisans might hear before legislative action is taken by the Democrats to make the income tax hike permanent is “mandate,” as in “Illinois voters have given us a mandate to make the temporary income tax hike permanent during this fiscal emergency. Remember- it’s for the children!”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Garcia, Monique, Long, Ray and Zurick, Maura. “State budget would put off tough decisions until after election.” Chicago Tribune. 27 May 2014. (http://www.chicagotribune.com/news/politics/clout/chi-state-budget-would-put-off-tough-decisions-until-after-election-20140527,0,6506902.story). 28 May 2014.

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Illinois Graduated Income Tax Plan To Be Voted On Tuesday

Next week, the Illinois Senate looks to be taking up the issue of income taxes. Rick Pearson reported on the Chicago Tribune website this morning:

A key Democratic state senator said Thursday he will seek a vote Tuesday on his controversial plan to ask voters to amend the state constitution to replace Illinois’ flat-rate income tax with a graduated tax based on the amount of income earned.

“We understand it is a difficult choice, but we’re simply asking that the voters be allowed to weigh in and make a decision about tax policy and how Illinois should tax income,” Sen. Don Harmon of Oak Park said during an appearance between proponents and opponents of the plan before the Tribune editorial board…

(Editor’s note: Bold added for emphasis)

Opponents claim a graduated income tax would just be a substitute for the expiring temporary income tax hike Illinois Democrats pushed through at the beginning of 2011. I blogged back on January 13, 2011:

The legislation that was pushed through by Democratic lawmakers, who have controlled Illinois state government since 2003, hikes the 3 percent personal income tax rate to 5 percent until 2015, when the rate is supposed to drop to 3.75 percent…

As for the chances of the graduated income tax becoming reality? Pearson added:

Prospects for achieving a three-fifths vote of senators in the Democratic-controlled chamber are considered good, getting the same super-majority in the Democratic-led House is believed questionable at best…

Still- any Illinois readers out there not liking the proposed changes should contact their state legislators ASAP.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Pearson, Rick. “Illinois graduated income tax vote next week.” Chicago Tribune. 25 Apr. 2015. (http://www.chicagotribune.com/news/politics/clout/chi-illinois-graduated-income-tax-vote-next-week-20140424,0,3929251.story). 25 Apr. 2015.income tax

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Illinois Millionaire Tax Halted For Now

Remember that “millionaire tax” Illinois House Speaker Michael Madigan (D-Chicago) had been pushing which would have affected an estimated 13,000 or so millionaires residing in the state?

It’s toast for now.

Doug Finke reported on The State Journal-Register (Springfield) website yesterday afternoon:

House Speaker Michael Madigan has pulled the plug on his proposed constitutional amendment to impose a surcharge on incomes over $1 million a year.

The Chicago Democrat made the move Wednesday after it became obvious the amendment couldn’t muster the 71 votes it needed in the House to pass.

Although Democrats hold 71 seats in the House, not all of them were on board with the amendment…

(Editor’s note: Bold added for emphasis)

Despite the setback, many Illinois Democrats in office will tell their supporters that they at least tried to “spread the wealth around” more in moving the legislation this far.

As the economic climate deteriorates nationally, I expect to see even more of these targeted income tax hikes being proposed- along with its reintroduction in “Madiganistan.”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Finke, Doug. “Madigan dropping plan to tax Illinois millionaires.” The State Journal-Register. 9 Apr. 2014. (http://www.sj-r.com/article/20140409/NEWS/140409326/-1/json). 10 Apr. 2014.

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Chicago Public Pension Crisis Latest

Last Tuesday, I blogged about Chicago Mayor Rahm Emanuel’s attempt to address some of the City’s public pension woes via larger contributions by City employees and $50 million tax increases for five straight years- beginning next year and continuing through 2019- for Chicago property owners.

There’s been a lot of chatter regarding this proposal and other pension “reform” activity today. Karen Pierog reported on the Reuters website:

Legislation to ease funding shortfalls in two of Chicago’s four retirement systems is a modestly positive credit step but not a permanent fix, Moody’s Investors Service said on Monday

Moody’s said that if enacted into law, the measure would immediately reduce the unfunded liabilities in the two funds.

“However, we expect that the (liability) would then escalate for a number of years before declining. Accrued liabilities would exceed plan assets for years to come, and if annual investment returns fall short of the assumed 7.5 percent, the risk of plan insolvency may well reappear,” the credit rating agency said in a report…

After breezing through an Illinois House committee on April 2, the bill has stalled. Moody’s said that even if the bill makes it out of the legislature, Governor Pat Quinn must sign it. The law would then face potential challenges to its legality under the Illinois constitution, which prohibits the impairment of retirement benefits for public sector workers…

(Editor’s note: Bold added for emphasis)

So will the Illinois Governor and fellow Chicago Democrat sign off on Mayor Emanuel’s proposed legislation?

John Byrne and Monique Garcia reported on the Chicago Tribune website this afternoon:

Gov. Pat Quinn today came out against Mayor Rahm Emanuel’s plan to raise Chicago property taxes and cut retirement benefits as a way to shore up some of Chicago’s government worker pension systems.

The re-election seeking Democratic governor called the bill floating around Springfield “a sketch” that “kept changing by the hour” and blasted the property tax as a “lousy tax” because it is not based on the ability to pay…

“I don’t think that’s a good way to go,” Quinn said of hiking property taxes. “And I say it today and I’ll say it tomorrow, they’ve got to come up with a much better comprehensive approach to deal with this issue. But if they just think they are going to gouge property tax owners, no can do. We’re not going to go that way.”

(Editor’s note: Bold added for emphasis)

Now, as I pointed out in last week’s post about Chicago’s public pension crisis:

There’s still a state-required $600 million contribution due next year from the City to stabilize police and fire pension funds that this proposed property tax hike doesn’t address and has to be dealt with…

(Editor’s note: Bold added for emphasis)

Plus, I read the following this morning by Chacour Koop on the website of The State Journal-Register (Springfield):

After addressing Illinois’ own employee pension crisis, lawmakers now face an equally challenging task with the state’s cities, as mayors demand help with underfunded police and firefighter pensions before the growing cost “chokes” budgets and forces local tax increases.

The nine largest cities in Illinois after Chicago have a combined $1.5 billion in unfunded debt to public safety workers’ pension systems. Police and fire retirement funds for cities statewide have an average of just 55 percent of the money needed to meet current obligations to workers and retirees…

The problems — a history of underfunding, the expansion of job benefits and the prospect of crushing future payments — mirror those that Chicago Mayor Rahm Emanuel warned about when he asked the legislature for relief last week.

In 2016, state law requires cities to make required contribution increases — in some cases, more than an additional $1 million annually — so they’ll reach 90 percent funding by 2040. If they don’t, the state will begin doing it for them, diverting grant money now used by cities elsewhere directly into the pension funds…

(Editor’s note: Bold added for emphasis)

Just like the Illinois General Assembly- dominated by Democrats- barely passed legislation on December 3, 2013, that was touted as a “fix” for the state’s $100 billion public pension crisis (it isn’t), something tells me an accommodation may be reached with fellow Democrats running the City of Chicago so they don’t have to pay the full amount of the state-required $600 million contribution due next year to stabilize police and fire pension funds.

That goes for those large Illinois communities as well.

Watch all the back-patting go on should that “fix” materialize as well.

And the inevitable “blowback” down the road.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

UPDATE: From Fran Spielman over on the Chicago Sun-Times website early Tuesday morning:

Mayor Rahm Emanuel and House Speaker Michael Madigan Monday stripped out controversial language from city pension legislation that had authorized the City Council to impose a property-tax hike, putting the stalled measure back on the fast-track at the state Capitol.

Madigan, D-Chicago, filed an amendment to Senate Bill 1922 after the House adjourned Monday without taking any action on the stalled legislation. Sources now expect the legislation to be voted upon as early as Tuesday.

(Editor’s note: Bold added for emphasis)

Sources:

Pierog, Karen. “UPDATE 1-Proposed Chicago pension changes positive step but no fix -Moody’s.” Reuters. 7 Apr. 2014. (http://www.reuters.com/article/2014/04/07/usa-chicago-moodys-idUSL2N0MZ1AP20140407). 7 Apr. 2014.

Byrne, John and Garcia, Monique. “Quinn blasts Emanuel’s property tax hike for pensions.” Chicago Tribune. 7 Apr. 2014. (http://www.chicagotribune.com/news/politics/clout/chi-quinn-blasts-emanuels-property-tax-hike-for-pensions-20140407,0,5432729.story). 7 Apr. 2014.

Koop, Chacour. “Illinois’ next pension issue: Police, firefighter funds.” Associated Press. 6 Apr. 2014. (http://www.sj-r.com/article/20140406/NEWS/140409562/-1/json/?tag=1). 7 Apr. 2014.

Spielman, Fran. “Analysis: Rahm’s pension bill revisions solve—and create—problems.” Chicago Sun-Times. 8 Apr. 2014. (http://politics.suntimes.com/article/chicago/analysis-rahm%E2%80%99s-pension-bill-revisions-solve%E2%80%94and-create%E2%80%94problems/mon-04072014-728pm). 8 Apr. 2014.

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Chicago Wakes To Proposed Property Tax Hike On April Fool’s Day

Many Chicagoans probably wish what’s being widely-reported in the local news this morning about a proposed property tax hike is just a silly April Fool’s joke.

It’s not.

Fran Spielman wrote on the Chicago Sun-Times website last night:

Chicago property owners will face $250 million in property tax increases over five years while city employees make increased pension contributions that will cost them at least $300 more a year, under landmark reforms unveiled Monday…

The new revenue the mayor had promised only after pension reform will come in the form of $50 million property tax increases for five straight years, beginning next year and continuing through 2019.

Top mayoral aides estimate that would cost the owner of a home valued at $250,000 with an annual property tax bill of $4,000 roughly $58 more or $290 over the five-year period. That’s on top of expected increases for the Chicago Board of Education and Chicago Park District…

(Editor’s note: Bold added for emphasis)

A couple of thoughts here:

First off, is anyone really surprised this is happening?

Regular readers of this blog shouldn’t be.

Higher fees, fines, and taxes. Less government services.

I’ve been squawking this for quite some time now.


“Black Dynamite- Who saw that coming?”
YouTube Video

Second, a $250,000 home? When discussing a Chicago Board of Education property tax hike last August, I blogged:

$230,000? You’d be hard-pressed to find a home for that little money in my former stomping grounds on the Northwest Side.

The same holds true for a $250,000 one (especially if it’s a property big enough for a family and doesn’t require a ton of work).

Which means many of my old neighbors will be coughing up significantly more than just $58 annually/$290 over five years as a result of this proposed hike.

And they already pay a big chunk of change to the City’s coffers.

Third, Spielman added last night:

The bottom line, according to Emanuel, is a plan that spreads the burden between employees, retirees and homeowners without raising property taxes so high that it triggers a mass exodus to the suburbs…

“Mass” being the key word here, because an exodus has already started. Former Chicago residents who have awakened to the “writing on the wall” are moving to the suburbs (yours truly included), leaving Cook County, and departing the state.

The push to make “temporary” personal and corporate income tax hikes permanent and the pursuit of class warfare in the form of a proposed millionaire tax hike by the ruling political party in the city, county, and state certainly don’t help the situation either.

Fourth, I can’t stand when tax hikes are proposed despite the lack of significant belt-tightening. Think the City of Chicago is as lean-and-mean as it possibly can be with its operations and set-up?

As long as 50 aldermanic wards exist, I’d argue no.

Fifth, as it stands right now, there’s still a state-required $600 million contribution due next year from the City to stabilize police and fire pension funds that this proposed property tax hike doesn’t address and has to be dealt with. Hal Dardick an Bill Ruthhart reported on the Chicago Tribune website this morning:

But the proposal the mayor and his top aides outlined late Monday would not address huge pension shortfalls for Chicago police, firefighters and teachers. Nor would it deal with the city’s most immediate, pressing financial problem: a state requirement to pay a whopping $600 million more toward police and fire pensions next year, a provision that could lead to a combination of tax increases, service cuts and borrowing

(Editor’s note: Bold added for emphasis)

You read right. Possibly more “tax increases, service cuts and borrowing” coming down the line shortly for Chicago residents.

Stay tuned…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Spielman, Fran. “Pension deal pinches city workers and taxpayers.” Chicago Sun-Times. 31 Mar. 2014. (http://politics.suntimes.com/article/chicago/exclusive-pension-deal-pinches-city-workers-and-taxpayers/mon-03312014-821pm). 1 Apr. 2014.

Dardick, Hal and Ruthhart, Bill. “Emanuel’s pension fix: Shrink benefits, raise taxes.” Chicago Tribune. 1 Apr. 2014. (http://www.chicagotribune.com/news/local/ct-rahm-emanuel-pension-property-tax-increase-met–20140401,0,1662095,full.story). 1 Apr. 2014.

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Illinois Millionaire Tax Moves Out Of Committee, Goes To House For Vote

This Monday, I blogged about Illinois House Speaker Michael Madigan (D-Chicago) pushing for an income tax hike on the estimated 13,000 or so millionaires residing in the state.

The proposed legislation is making progress in the Democrat-controlled Illinois General Assembly. Doug Finke reported on The State Journal-Register (Springfield) website last night:

An Illinois House committee Thursday signed off on a measure that would allow voters to decide if millionaires should pay more in state income taxes…

The committee voted along party lines to approve the proposed constitutional amendment by House Speaker Michael Madigan, D-Chicago, that would impose a 3 percent surtax on incomes above $1 million. Income up to $1 million would continue to be taxed at the state’s personal income tax rate, currently set at 5 percent…

The proposed amendment now goes to the full House, which must approve it by a three-fifths vote. The Senate will then have to approve it by the same margin for the issue to appear on the November ballot

(Editor’s note: Bold added for emphasis)

Opponents of the tax hike claim it not only unfairly penalizes successful residents of the state, but hurts everyone else in that it may drive away wealth from Illinois.

Speaker Madigan’s response? He was quoted by the Chicago Tribune last Friday as saying:

Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave.

Eye-roll please…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Finke, Doug. “Millionaire tax amendment advances to House; progressive income tax rejected.” The State Journal-Register. 27 Mar. 2014. (http://www.sj-r.com/article/20140327/NEWS/140329457/-1/json/?tag=2). 28 Mar. 2014.

Garcia, Monique, Long, Ray, and Zurich, Maura. “Illinois Democrats go all-in on class warfare theme.” Chicago Tribune. 21 Mar. 2014. (http://articles.chicagotribune.com/2014-03-21/news/chi-speaker-madigan-proposes-asking-voters-to-raise-taxes-on-wealthy-20140320_1_tax-hike-bruce-rauner-income). 24 Mar. 2014.

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Misled: Illinois Governor Pat Quinn Wants 2011 ‘Temporary’ Income Tax Hikes Made Permanent

“He said he would, and now that the election is over, Governor Quinn is ready to raise the state income tax.

The governor says he intends to propose increasing the state income tax by 33 percent

The governor said he views his defeat of Republican Bill Brady, who opposed a tax hike as a vote to deal with the state budget and raise taxes.”

-FOX 32 (Chicago) website, November 8, 2010

“Gov. Pat Quinn said today he will sign a major income tax increase as soon as it hits his desk and rejected criticism that he had misled taxpayers by saying during his campaign he would only sign a smaller increase…

Quinn said ‘no’ when asked if he had been dishonest with taxpayers for campaigning during the 2010 election on a 1 percentage point increase in the income tax rate but now agreeing to sign the 2 percentage point hike.

The governor sought to justify the larger increase in part by saying fiscal experts had told leaders the state’s financial problems were escalating in the last two months.

‘Our house was burning,’ Quinn said. ‘Our fiscal house was burning.’”

-Chicago Tribune website, January 12, 2011

“Gov. Pat Quinn today signed a major income tax increase the Legislature passed earlier this week.

The Democratic governor’s signature on the legislation means the 67 percent increase in the personal income tax increase takes effect immediately. Corporate income taxes also rose 46 percent…”

-Chicago Tribune website, January 13, 2011

“The legislation that was pushed through by Democratic lawmakers, who have controlled Illinois state government since 2003, hikes the 3 percent personal income tax rate to 5 percent until 2015, when the rate is supposed to drop to 3.75 percent. However, the last time income tax rates in the ‘Land of Lincoln’ went up in 1989, politicians also claimed it was as a temporary increase to combat a financial ‘rough patch.’ But the rates never came down and by 1993 were designated permanent. Until now, that is…”

-Survival And Prosperity post, January 13, 2011

“In his election-year budget speech Wednesday, Gov. Pat Quinn called on lawmakers to make permanent the 67 percent temporary income tax increase they approved in 2011

Quinn’s budget speech was the first time he directly addressed what should be done about the pending expiration of much of the temporary tax increase. When lawmakers approved raising the state’s personal income tax rate from 3 percent to 5 percent, they stipulated that the rate should drop to 3.75 percent on Jan. 1, 2015…”

-The State Journal-Register (Springfield), March 26, 2014

(Editor’s note: Italics added for emphasis)

Let me guess. “Our fiscal house is burning.”

Something’s burning alright. And Governor Quinn’s wearing them below his waist.

“Facts are stubborn things, and it’s time to set the record straight…”

-Illinois Governor Pat Quinn, Chicago Tribune opinion piece, January 19, 2011

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“Pat Quinn Plans Income Tax Increase After Elected Governor.” FOX 32. 8 Nov. 2010. (http://www.myfoxchicago.com/story/17817497/pat-quinn-plans-income-tax-increase-after-elected-governor). 26 Mar. 2014.

Long, Ray and Pearson, Rick. “How Democrats wrangled the tax votes in
Springfield.” Chicago Tribune. 12 Jan. 2011. (http://articles.chicagotribune.com/2011-01-12/news/ct-met-tax-hike-how-did-it-pass-20110112_1_income-tax-tax-votes-senate-president-john-cullerton). 13 Jan. 2011.

Long, Ray. “Governor signs income tax increase.” Chicago Tribune. 13 Jan. 2011. (http://newsblogs.chicagotribune.com/clout_st/2011/01/governor-signs-income-tax-increase.html). 13 Jan. 2011.

Finke, Doug. “Quinn makes case to leave state income tax increase in place.” The State Journal-Register. 26 Mar. 2014. (http://www.sj-r.com/article/20140326/NEWS/140329542). 26 Mar. 2014.

Quinn, Pat. “Border Wars.” Chicago Tribune. 19 Jan. 2011. (http://articles.chicagotribune.com/2011-01-19/opinion/ct-oped-0119-illinois-20110119_1_world-class-universities-and-research-budget-reforms-border-wars). 26 Mar. 2014.

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Thursday, March 27th, 2014 Government, Income, Political Parties, Taxes No Comments

Wisconsin Cuts Taxes While Illinois Looks To Make 2011 ‘Temporary’ Tax Hikes Permanent

Throughout the years, I’ve known/met a number of Illinois residents who can’t stand Wisconsin. Mostly from the Chicago area, they equate Wisconsin and its residents as being unsophisticated clowns.

I wonder if they haven’t noticed by now that the only circus around is in the “Land of Lincoln.”

While Illinois falls deeper into an economic abyss (public pension fix my butt), Wisconsin seems to have gotten their finances under control and look to be on the path to prosperity.

So much so they’re cutting taxes. Again.

Patrick Marley and Jason Stein reported on the Milwaukee Journal Sentinel website Monday afternoon:

Lowering taxes for the third time in less than a year, Gov. Scott Walker signed his $541 million tax cut bill in a ceremony Monday at a farm in Cecil as he travels through central and northern Wisconsin touting it.

Speaking at Horsens Homestead Farms, about 35 miles northwest of Green Bay, Walker called it a great day for Wisconsin taxpayers and a sign of the state’s shifting financial fortunes in recent years.

“Now, instead of billion dollar budget deficits, we have a surplus — and today that money is on its way to the workers, parents, seniors, property owners, veterans, job creators and others. You deserve to keep as much of your hard-earned money as possible — because after all, it is your money,” Walker said.

With growing tax collections now expected to give the state a $1 billion budget surplus in June 2015, Walker’s tax proposal will cut property and income taxes for families and businesses, and zero out all income taxes for manufacturers in the state.

Though the state’s tax revenue is increasing, GOP lawmakers and Walker are trimming state spending slightly for the next three years rather than increasing it

(Editor’s note: Italics added for emphasis)

Meanwhile, across the Cheddar Curtain in Illinois there’s this on the website of The State Journal-Register (Springfield). Doug Finke reported Friday:

Hundreds of employees would be laid off, state facilities would be closed and thousands of prison inmates released without supervision, state agency directors told senators Friday during a hearing to gauge the effect of possibly severe spending cuts next year.

During a more than three-hour joint hearing of the two Senate Appropriations committees, agency after agency warned of drastic consequences should they be forced to cut their current budgets by 20 percent.

“There would be extreme consequences for the economy across Illinois,” warned Ben Winick of Gov. Pat Quinn’s budget office. “Over a dozen state facilities would have to close. Thousands of state employees would have to be laid off.”

The hearing occurred just days before Quinn is scheduled to finally deliver his budget outline for the fiscal year that starts July 1…

Translated? Illinois residents, this is what will happen if you don’t support making the Democrat-led temporary 67 percent personal income tax hike and 46 percent corporate income tax hike implemented in January 2011 permanent next year.

I hear Governor Quinn will be delivering his budget plan tomorrow.

Instead of ridiculing Wisconsin, us FIBs (F***ing Illinois Bastards as we’re known by up there) might want to start emulating our neighbors to the north in certain respects before we completely destroy Illinois.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Marley, Patrick and Stein, Jacob. “Scott Walker signs tax cut legislation.” Milwaukee Journal Sentinel. 24 Mar. 2014. (http://www.jsonline.com/news/statepolitics/scott-walker-set-to-sign-tax-cut-legislation-b99231851z1-251936261.html). 24 Mar. 2014.

Finke, Doug. “State agencies outline cuts if forced to make 20% reductions.” The State Journal-Register. 21 Mar. 2014. (http://www.sj-r.com/article/20140321/NEWS/140329821). 24 Mar. 2014.

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Illinois Millionaire Tax Hike Could Pass As Part Of Class Warfare Push By Democrats

While I’ve been putting a lot of time lately into my offshore Web projects, Illinois Democrats have been grabbing the local headlines as they replicate President Obama’s class warfare strategy to win votes in November. Monique Garcia, Ray Long, and Maura Zurick reported on the Chicago Tribune website last Friday:

Illinois Democrats went all-in Thursday with their election-year class warfare theme as Speaker Michael Madigan pitched the idea of asking voters to raise taxes on millionaires, Senate President John Cullerton advanced a minimum-wage increase and Gov. Pat Quinn compared wealthy opponent Bruce Rauner to TV villain Mr. Burns…

The newest front in the campaign battle came as Madigan held a rare news conference to announce he wants lawmakers to put a question on the Nov. 4 ballot asking voters whether the state should raise the income tax by 3 percentage points on those who make more than $1 million a year.

The powerful Democratic speaker said the tax hike on millionaires is a way to generate more than $1 billion for elementary and high schools. Madigan based his calculations on what he said are roughly 13,675 millionaires that lived in Illinois in 2011, brushing aside a question about whether such a tax hike might drive them out of the state.

“Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave,” Madigan said

(Editor’s note: Italics added for emphasis)

I’m not as optimistic as the 71-year-old Speaker of the House is about Illinois millionaires sticking around if they’re targeted with a tax hike.

After all, money typically gravitates to where it’s being treated the best.

And recent demographic data suggests Chicagoland and Illinois residents may not be “so much in love” with the area as Mr. Madigan claims.

That includes the rich as well.

“Cook County’s population grew by 17,000 people in 2012, about .3 percent- but much of that gain came from immigrants, according to Census Bureau estimates released Thursday.

The figures showed that about 32,000 more domestic residents moved out of Cook County than moved in. But a net increase of 17,000 immigrants, along with a high ratio of births over deaths, contributed to an overall gain for the county…”

-Chicago Sun-Times website, March 13, 2013

Moving Out
The top outbound states for 2013 were:

1. New Jersey
2. Illinois
3. New York
4. West Virginia
5. Connecticut
6. Utah
7. Kentucky
8. Massachusetts
9. New Mexico”

-United Van Lines press release, January 2, 2014

“As the Great Recession churned job prospects for many, Cook County lost about 13,000 residents with six-figure household incomes to other places, despite the widely hyped revival of downtown housing and jobs…”

-Crain’s Chicago Business website, February 14, 2014

“Roughly 13,675 millionaires that lived in Illinois in 2011”

Should Illinois Democrats jack up their income taxes, I suspect the number of Illinois millionaires right before the tax hike is implemented will plummet. Revenue will follow. Out-of-state vacation homes in Indiana and Wisconsin will be declared as primary residences.

“A way to generate more than $1 billion for elementary and high schools”

I highly doubt that.

So does the proposed millionaire tax hike have a chance of becoming reality?

Consider what Greg Hinz blogged on the Crain’s Chicago Business website Friday:

Springfield Democrats have such big legislative majorities that they won’t need any Republican votes to pass the measure if they hang together. And Springfield insiders are saying that odds are much better that Democrats will unify behind the speaker’s proposal- which, after all, would affect only millionaires like Bruce Rauner- than behind another plan being pushed by Senate Democrats to implement a graduated income tax, which would affect far more voters.

Stay tuned. If you can stomach it.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

Garcia, Monique, Long, Ray, and Zurich, Maura. “Illinois Democrats go all-in on class warfare theme.” Chicago Tribune. 21 Mar. 2014. (http://articles.chicagotribune.com/2014-03-21/news/chi-speaker-madigan-proposes-asking-voters-to-raise-taxes-on-wealthy-20140320_1_tax-hike-bruce-rauner-income). 24 Mar. 2014.

Hinz, Greg. “GOP leaders blast Madigan’s millionaires tax, but idea likely has legs.” Greg Hinz On Politics.” Crain’s Chicago Business. 21 Mar. 2014. (http://www.chicagobusiness.com/article/20140321/BLOGS02/140329950/gop-leaders-blast-madigans-millionaires-tax-but-idea-likely-has-legs). 24 Mar. 2014.

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Statewide Gun Registration, Ammo ‘Control’ Bill Introduced In Illinois

The following Illinois gun/ammo “control” legislation made headlines in February, but it’s making the rounds again this week (probably due to its outrageousness?). From a press release on the website of Illinois State Representative Kelly Cassidy (D-Chicago):

CHICAGO, IL – State Rep. Kelly Cassidy (D-Chicago) introduced a bill requiring the registration of firearms in the State of Illinois.

“We’ve dealt for too long with gun violence in our neighborhoods, most often perpetrated by individuals who acquired the firearm through illicit means,” Cassidy said. “Registration is a common sense policy that ties the weapon to its buyer, preventing the types of straw purchasing that put guns into criminals hands. According to a University of Chicago Crime Lab Report, 45% of firearms used in crimes in our state were purchased legally in Illinois and then illegally transferred. Registration creates a safeguard against these transfers and significantly hinders the ability for criminals to acquire firearms.”

HB 4715, the Firearms Registration Act, would require registration of firearms upon purchase, and for firearms owned at the time of passage. The registration process would include a background check, and transfer to an individual without complying with registration would be a Class 2 felony…

Not only is Illinois House Bill 4715 calling for a gun registry, but also ammunition “control” as well. From the bill’s status page on the Illinois General Assembly website:

Creates the Firearms Registration Act. Provides that every person in the State must register each firearm he or she owns or possesses in accordance with the Act. Provides that a person shall not purchase or possess ammunition within this State without having first obtained a registration certificate identifying a firearm that is suitable for use with that ammunition, or a receipt demonstrating that the person has applied to register a suitable firearm under the Act and that the application is pending

(Editor’s note: Italics added for emphasis)

Since February 5, the bill has been with the House Rules Committee.

My guess is that it will emerge shortly after the next high-profile mass shooting.

You can view the current status of Illinois HB 4715 on the Illinois General Assembly here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Republican Candidates For Illinois Governor Split On ‘Assault Weapons’ Ban?

This November, an election will be held for Governor of Illinois. The four Republican candidates for the office- State Senators Bill Brady, Kirk Dillard, State Treasurer Dan Rutherford, and businessman Bruce Rauner- were recently given campaign questionnaires by the Associated Press, in which gun rights was one of the topics.

According to the AP, two of the four candidates may support a ban on so-called “assault weapons.”

From last Tuesday:

In a campaign questionnaire for The Associated Press, the four candidates — state Sens. Bill Brady and Kirk Dillard, state Treasurer Dan Rutherford and businessman Bruce Rauner — all said gun rights need to be protected but that some public safeguards should exist.

The four differed over assault-style guns — high-capacity weapons that have been used in some of the deadliest mass shootings. They currently aren’t illegal statewide, and a proposed statewide ban backed by Democratic Gov. Pat Quinn was pulled from consideration last year in Springfield…

Dillard, of Hinsdale, and Rauner, of Winnetka, both left open the possibility they would support a ban. Rutherford, of Chenoa, and Brady, of Bloomington, oppose such a ban

(Editor’s note: Italics added for emphasis)

However, the Chicago Sun-Times website is reporting that only one of the four candidates may be open to an “assault weapons” ban. Natasha Korecki wrote last Thursday:

Three of the four Republicans competing in the gubernatorial primary say they believe all Illinois residents have the right to own assault weapons.

Illinois Treasurer Dan Rutherford of Chenoa, state Sen. Bill Brady of Bloomington and venture capitalist Bruce Rauner of Winnetka said Thursday night that they believe it’s a right…

Only Dillard sidestepped the question — saying he believed it was better left up to the federal government to decide…

(Editor’s note: Italics added for emphasis)

So what about Rauner? The Associated Press did think his questionnaire answer was “more vague” than Dillard’s. Turning back to their piece:

Rauner gave a more vague answer, saying he supports background checks that keep guns away from criminals and people with mental illness.

“Going beyond that requires a very careful balance between promoting public safety and protecting constitutional rights,” Rauner wrote…

Unless Kirk Dillard and Bruce Rauner actually come out and say they are against a state AWB, I would chalk them up as possibly being in support of an “assault weapons” ban if the political winds were blowing in that direction.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Sources:

“Governor candidates split on gun control measures.” Associated Press. 25 Feb. 2014. (http://www.sj-r.com/article/20140225/News/140229532). 1 Mar. 2014.

Korecki, Natasha. “Owning assault weapons a right, three GOP candidates say.” Chicago Sun-Times. 27 Feb. 2014. (http://www.suntimes.com/25882530-505/owning-assault-weapons-a-right-three-gop-candidates-say.html). 1 Mar. 2014.

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Chicago, The Writing Is On The Wall

The city of Chicago is in for some tough times down the road.

“The Machine” keeps putting a positive spin on the city’s deteriorating financial condition, but the numbers don’t lie. I’ve rattled them off time and time again, the most recent being Tuesday. The Chicago press (sans Fran Spielman over at the Chicago Sun-Times and a few others) has even caught on, publishing articles with more frequency these days that reveal just how ugly the city’s finances truly are. Case in point, a Chicago Tribune editorial entitled “Chicago is on the road to Detroit” that appeared on their website yesterday. From the piece:

By the most recent numbers, Mayor Rahm Emanuel’s government owes $13.9 billion in general obligation bond debt, plus $19.5 billion in unfunded pension obligations. Add in Chicago Public Schools and City Hall’s other “sister agencies” and you’re talking billions more in debts that Chicago taxpayers owe. Yet here we are on a Wednesday when the mayor probably will get approval from a derelict City Council to issue another up-to-$900 million in bonds backed by property taxes — and to double, to $1 billion, the amount of short-term bank money his administration can borrow to raise cash…

(Editor’s note: Italics added for emphasis)

By the way, Mayor Emanuel got that approval. Fran Spielman reported on the Chicago Sun-Times website Wednesday morning:

Without a word of debate, the City Council on Wednesday blindly added $1.9 billion to Chicago’s mountain of debt even though aldermen have no idea how the money will be spent.

The vote was 43-to-4. “No” votes were cast by Aldermen Bob Fioretti (2nd), Scott Waguespack (32nd), Brendan Reilly (42nd) and John Arena (45th)…

Now, I’ve heard/read some Chicagoans say something along the lines of don’t worry about the city’s finances, Governor Quinn and the State of Illinois or President Barack Obama and the federal government will ride to the rescue of their fellow Democrats in control of the “Windy City.”

To which I say, I’m not so sure. Is there anyone in America who doesn’t know how much of an economic basket case the “Land of Lincoln” is? A $100.5 billion public pension debt and the worst credit rating of all 50 U.S. states routinely make headlines across the country. As for the federal government, I keep encountering the words “insolvent” and “bankrupt” more and more these days to describe the nation’s finances. And don’t think for a second other economically-challenged cities across the country won’t cry foul to the Oval Office and their elected representatives if Chicago is bailed out. I find it hard to believe the State of Illinois or the Feds could come to Chicago’s rescue without there being serious financial and political repercussions.

Chicago, the writing is on the wall. By the looks of things, that great city where I was born and from which I recently just left is now past the proverbial point of no return, no longer looking capable of effectively navigating the growing financial crisis.

While I don’t foresee the city’s death, I do envision a continuation of its already gradual decline until a point of fiscal implosion is reached. Will it be Detroit-esque in its bottoming out? I don’t know. But it sure as hell won’t be pretty.

Faced with such a scenario, will Chicagoans choose to stay and contend with the almost certain prospect of much higher taxes and fees in conjunction with curtailed city services (public safety comes to mind here), or will they depart the “Second City” like I did?

One might think the latter (going), but I’m sure there will be plenty of the former (staying).

In the interests of surviving and prospering, which is the better choice?

I don’t think the answer is as clear-cut as many readers might think. And it’s something I’ll be exploring and blogging about more in the coming days.

By Christopher E. Hill
Survival And Prosperity (survivalandprosperity.com)

Sources:

“Chicago is on the road to Detroit.” Chicago Tribune. 5 Feb. 2014. (http://www.chicagotribune.com/news/opinion/editorials/ct-chicago-debt-edit-0205-20140205,0,3757189.story). 6 Feb. 2014.

Spielman, Fran. “City Council OKs going $1.9 billion deeper into debt.” Chicago Sun-Times. 5 Feb. 2014. (http://www.suntimes.com/25398572-761/city-council-oks-going-19-billion-deeper-into-debt.html). 6 Feb. 2014.

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Repeal Of Illinois ‘Temporary’ Income Tax Hikes Questioned

Short of some other revenue-generating scheme replacing it, the “temporary” 67 percent personal income tax hike and 46 perent corporate tax hike pushed through by Illinois Democrats and signed off by Governor Pat Quinn (D-Chicago) in January 2011 are starting to look permanent.

Big shock there.

Back at the beginning of 2011, the State of Illinois was on the hook for an estimated $8 billion in unpaid bills. “Temporary” increases in personal and corporate income taxes were passed- as I understood it- to help pay down the massive amount owed.

But as I blogged less than two weeks ago on November 25:

This morning, I read that the backlog is now approaching $9 billion.

Big fail there.

No wonder there’s increased chatter then about Illinois Democrats- who’ve controlled state government since 2003- making those “temporary” tax hikes permanent. Ray Long reported on the Chicago Tribune website Saturday:

The harshest Republican critics of a new law to wipe out the state’s $100 billion government worker pension debt argued that the plan should have saved more money or Illinois’ temporary income-tax increase that’s set to expire will never go away.

A look at the state’s finances, however, shows it’s a good bet the tax hike will stick around whether or not lawmakers approved last week’s major overhaul of the retirement systems. If lawmakers allow the tax increase to expire as scheduled at the end of 2014, the state will lose about $5 billion a year. That’s one-seventh of the state’s $35 billion operating budget.

(Editor’s note: Italics added for emphasis)

This wouldn’t be the first time supposedly temporary taxes would be made permanent by Illinois lawmakers. As I noted back on January 13, 2011:

The last time income tax rates in the “Land of Lincoln” went up in 1989, politicians also claimed it was as a temporary increase to combat a financial “rough patch.” But the rates never came down and by 1993 were designated permanent. Until now, that is.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Long, Ray. “State income tax hike doesn’t look so temporary now.” Chicago Tribune. 7 Dec. 2013. (http://www.chicagotribune.com/news/local/ct-illinois-pensions-met-1208-20131207,0,7554970.story). 8 Dec. 2013.

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Christopher E. Hill, Editor
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