Wednesday, August 24
Another hot day. One more month of summer. Then fall....then the suck.
here is a link to a story that should come as no surprise to anyone but Gov.Fudd Quinn.
http://www.illinoispolicy.org/news/article.asp?ArticleSource=4362
Illinois has lost more jobs than any other state, and the job losses coincide with the monumentally stupid decision to raise corporate state taxes to a ridiculously high level. Any corporate business leader would be remiss if they did not move their operations out of Illinois. I could see if there were compelling reasons to not move out of Illinois - but there are not. So, any CFO would have to identify the opportunity to immediately improve their bottom line by 2% (or more) and move to a more business friendly state - that is the duty they have to the shareholders. Before long, the frustrated taxpayer will follow in order to avoid the "temporary" 6% state income tax (temporary until it becomes 8%).
funny how Chicago is going after businesses that function in the city, but have headquarters outside of Chicago. Emanuel says they are skirting the law...of course they are - just like the thousands of city employees that are getting a pension from one job, and pulling in a six figure salary for another job. I would think Emanuel would commend these companies for playing the Chicago Way.
and today, we swirl just a little lower in the toilet.
here is a link to a story that should come as no surprise to anyone but Gov.
http://www.illinoispolicy.org/news/article.asp?ArticleSource=4362
Illinois has lost more jobs than any other state, and the job losses coincide with the monumentally stupid decision to raise corporate state taxes to a ridiculously high level. Any corporate business leader would be remiss if they did not move their operations out of Illinois. I could see if there were compelling reasons to not move out of Illinois - but there are not. So, any CFO would have to identify the opportunity to immediately improve their bottom line by 2% (or more) and move to a more business friendly state - that is the duty they have to the shareholders. Before long, the frustrated taxpayer will follow in order to avoid the "temporary" 6% state income tax (temporary until it becomes 8%).
funny how Chicago is going after businesses that function in the city, but have headquarters outside of Chicago. Emanuel says they are skirting the law...of course they are - just like the thousands of city employees that are getting a pension from one job, and pulling in a six figure salary for another job. I would think Emanuel would commend these companies for playing the Chicago Way.
and today, we swirl just a little lower in the toilet.
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