Yesterday Illinois Senate Democrats passed a massive tax bill known as SB 9. Senate Bill 9 increases and expands income taxes, expands sales taxes, and increases franchise taxes.
According to Illinois Policy SB 9 does the following:
- Hikes personal and corporate income taxes by $5 billion. The personal income tax rate increases to 4.95 percent from the current 3.75 percent rate. The corporate income tax rate rises to 7 percent from 5.25 percent.
- Expands the sales tax to laundry and dry-cleaning services, as well as storage and other services to bring in $55 million.
- Raises $54 million in cable and satellite TV taxes.
- Closes corporate loopholes worth $125 million.
- The total $5.4 billion tax hike means each Illinois household will eventually have to pay $1,125 in additional taxes annually. Under the Democrats’ plan, new taxes will apply to many services previously untaxed. And because the Senate has failed to pass a property tax reform package, Illinoisans will continue to see their property taxes – the nation’s highest – go up even more.
Does this constitute equitable representation for the people to keep Illinois fiscally sound, and a state where one can raise a family if desired, become a homeowner or business owner, strive and thrive as they pursue their American dream? Those that continue to vote for legislators based upon party and that false narrative that ‘they are the party for the people’ to ‘move this state forward’? Some seem to think so as the democrats continue to tax and expand taxes on goods as well as services that were not taxed before. Once again imposing upon Illinois’ residents more taxation that will continue the great ‘Illinois exit’ and migration to neighboring states that have less taxation and therefore better opportunities for one’s financial livelihood.
Illinois democrats continue to consistently write legislation to increase taxes, and increase spending at the same time. The spending is expotetenialy greater than the funds available! It doesn’t take a Ph.D in mathematics to compute that their fiscal irresponsibility is a disaster. Their lack of sensible fiscal policies will also continue to send a clear message that Illinois is not business operating friendly. Something has to change and change quickly, the best change I can suggest is to drain the ‘tax Illinoisans to death’ swamp in Springfield.
As the news about SB 9 spreads today, ironically on this date, May 24th, in the year of our lord in 1764, Patriot James Otis dounouced ‘taxation without representation’ while calling for the colonies to unite in opposition to Britain’s new tax measures. I know that while there was representation, there was not enough for my fiscal concerns in the Illinois state senate, and I’m sure I am not alone in that thought. Perhaps it’s time for all fiscally astute, concerned, and conservative Illinoisans to unite and say no more!
A little additional history on James Otis: Otis favored extending to African Americans the basic natural freedoms of life, liberty, and property. He asserted that blacks had inalienable rights. The idea of racial equality also permeates Otis’s Rights of the British Colonies (1764), in which he states:
The colonists are by the law of nature free born, as indeed all men are, white or black. ~James Otis, Rights of the British Colonies Asserted and Proved