It’s just classic. Another case of years of the Democratic/public Union alliance milking taxpayers with unaffordable pensions and benefits and amazingly a crisis appears out of nowhere. It’s magic, how did this happen (and happen all over the Country)?
To solve the problem the same culprits want higher taxes and fees and have the nerve to say in the same breath they plan to “grow our economy, create jobs and attract families and business to Chicago.” Soooo, who can afford to live and run a business in Chicago?
Never fear, they have the same populist answer, “We must ask the very wealthy and big corporations to pay their fair share in taxes so we can finally fix our structural deficit and get on track to fiscal sanity…”
Do you want to bet the wealthy and corporations already pay their fair share and more? No matter; our new definition of fair is that years of irresponsible fiscal behavior, outright greed by public unions and ignoring both is somebody else’s responsibility rather than the citizens who supported those actions and held no politicians accountable. Don’t be surprised, that appears to be the philosophy of our leaders these days and one accepted by all too many Americans.
CHICAGO—Mayor Rahm Emanuel is proposing a historic property tax increase, while expanding fees on trash collection and taxi rides under a plan to confront a growing fiscal crisis in the nation’s third largest city.
The proposal comes months into the second term of Mr. Emanuel, a former congressman and chief of staff to President Barack Obama, as he runs out of options to address ballooning pension costs that are coming due. During his first term, the mayor focused on trying to gain concessions from city workers and retirees, but was stymied by the courts and organized labor. Mr. Emanuel’s plan would raise an additional $544 million from property taxes alone phased in over four years under what is being described as the largest tax rise in city history.
He also proposes raising additional revenue by taxing e-cigarettes, expanding fees on garbage pickup, and adding fees on taxi and ride-sharing services. “As we continue to grow our economy, create jobs and attract families and business to Chicago, our fiscal challenges are blocking our path,” Mr. Emanuel said in a statement.
Many have voiced concerns about the cost to working families. “We must ask the very wealthy and big corporations to pay their fair share in taxes so we can finally fix our structural deficit and get on track to fiscal sanity,” said Alderman Leslie Hairston, who is among the council members pushing for tax rebates for working families and changes in how commercial buildings are taxed.
Categories: Observations on life