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It demonstrates what Ronald Reagan proved 30 years ago that if tax rates are lowered, it always results in more taxes being paid. Raising tax rates actually reduces taxes paid.
Link to 60 minutes story- http://www.cbsnews.com/stories/2011/...20046867.shtml
Are you talking about personal income taxes or corporate income taxes here?
Bradley 72 - Illini 68 Final
???It??™s awful hard,??™??™ said Illini freshman guard D.J. Richardson, the former Central High School guard who played prep school ball a few miles from here and fought back tears outside the locker room. ???It??™s a hometown thing. It??™s bragging rights.??™
One hundred years provides more than several lifetimes full of highlights, some lowlights, and many memories. Here’s a look at 100 years of the Western Golf Association and the Western Open. …
I would bet that Caterpillar will benefit from this one way or another.
It seems Governor Quinn was in a big hurry to meet with Oberhelman in a highly publicized meeting, and now suddenly everything is comfy between them and Oberhelman has nothing but nicey-nice things to say about Quinn. No doubt Quinn made some promises to the Cat CEO to get him on his side.
I would bet that Caterpillar will benefit from this one way or another.
It seems Governor Quinn was in a big hurry to meet with Oberhelman in a highly publicized meeting, and now suddenly everything is comfy between them and Oberhelman has nothing but nicey-nice things to say about Quinn. No doubt Quinn made some promises to the Cat CEO to get him on his side.
Oh that stuff never happens.
You betcha there was some real poilticing happening behind closed doors.
Governor: I need you on my side what is it going to take
CAT: Tax breaks and other concessions
Governor: We can help you out but I'll need some re-election help and I have a nephew looking for a job.
CAT: I'd have to believe we can help.
CAT (later on that day to the CFO): Put some of that money we are going to be saving now into our election fund for the Governor and spread it around a bit. Boy I love having all this discretionary money to buy these entitlements. Who said welfare had to be only for the poor.
Oh and those raises for the workers. Let's spin this that we are staying here and cannot afford to give them one or we will be forced to leave.
"Educate and inform the whole mass of the people...they are the only sure reliance for the preservation of our liberty."
??” Thomas Jefferson
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99 counties voted for Brady and 3 voted for Quinn and Quinn still wins. Yeah, the election was corrupt. But when in Illinois are they not?
But Chicago is a nice place to visit. I just wish it was part of WI or IN.
Uh, are you aware that this is how democracy works? Its not by land mass, just because on a map a small portion of the state voted for the person you do not like doesn't mean that it was unfair. An extremely high majority of the people in Illinois live in the Chicago metropolitan area. 9,785,747 out of 12,830,632, or 76.2%
Exactly! Apparently some people are not aware of that or don't mind it as long as it helps their side. Illinois needs to have a system like the electoral college so Illinois voters and not just Chicago voters can decide elections.
but yet again a major corporation in Illinois is talking of possibly leaving the state...and it could affect Peoria...
ADM - Archer, Daniels, Midland Co. has announced they will look into moving their corporate headquarters out of Decatur...Chicago is one of the potential destinations but other destinations are out of state..
They do not plan to close their soybean processing plant in Decatur - this decision will only involve their corporate headquarters...
..per the WSJ, other places rumored but not known with certainty that could be under consideration - Indianapolis and cities in Texas
Well, one more major Illinois corporation has now left the state and terminated every employee they had in Illinois....
And this one will be a familiar name to Bradley fans...
It is Star Trucking in Morton, IL, and I just spoke with one of the last people who were employed there and got terminated recently...
If you recall, Governor Quinn decided to tax the heck out of the trucking industry in an effort to get more money into the state's coffers...
The owner of Star even told the governor that if they did this, he'd be forced to move his business out of Illinois to remain competitive and at that time Gov. Quinn said tuff luck!
So, rather quietly and gradually, Star registered all their trucks in another state, and when all that got done, they sold their operations and moved to Arizona...
They still own the facility in Morton off the interstate, but they have no vehicles there and do no business out of that building.
In the end - the new tax laws to get more money for the state have probably cost them more than they figured they'd gain, plus sure doesn't help employment with loss of good jobs.
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