Indiana and Wisconsin Court Illinois Businesses Fleeing 66% Individual and 46% Business Tax Hikes

Jubilation has broken out in the Midwest—or at least in Wisconsin and Indiana, now that Democrats in neighboring Illinois have rushed their tax increase into law.

Late Tuesday night, Democrats in the Illinois house and senate rammed through Governor Pat Quinn's 67% hike in the state income tax and a nearly 50% jump in the state corporate tax. The increase will add $1,400 to the average family's tax bill, and we doubt it will help job creation in a state that has lost 374,000 jobs since 2008.

New Wisconsin Governor Scott Walker immediately rolled out a press release inviting Illinois businesses to decamp to the Badger State, contrasting his agenda to reduce taxes and welcome business with the Illinois increase. Indiana Governor Mitch Daniels added: "We already had an edge on Illinois in terms of the cost of doing business, and this is going to make it significantly wider."

That's for sure. Small businesses will pay the new 5% income tax rate, up from 3%, and the effective corporate tax rate will rise to 9.5%, which, when combined with the federal rate of 35%, will make the Land of Lincoln one of the most expensive places in the world to conduct business.

• Bloomberg, Illinois's Record Income-Tax Increase Divides Businesses and Investors
• Christian Science Monitor, Why Illinois Lawmakers Passed 66% Income-Tax Hike
• CNN, Illinois Tax Hikes Will Hurt Companies
• L.A. Times, Illinois Gov. Pat Quinn Delighted With Whopping 66% Income Tax Hike
• New York Times, Questions Persisting as Illinois Raises Taxes
• Tax Foundation, Illinois Approves Sharp Income Tax Increase, Third-Highest Corporate Tax Rate
• Tax Foundation, Illinois Tax Increases Will Undermine Job Growth and Economic Recovery
• Tax Update Blog, Illinois Jacks Up Income Tax; Still Broke
• Wall Street Journal, Illinois Braces for Tax Increases
• Wall Street Journal, Wisconsin 1, Illinois 0: With Springfield Raising Taxes Amidst its Fiscal Disaster, the New Republican Governor of the Badger State Is Telling Illinoisans, "Escape to Wisconsin"

I’m Just askin’

I am not a tax law attorney, although I have seen many episodes of Perry Mason and I have stayed at Holiday Inn , just not last night. Anyway please correct me if I am wrong. I’m calling on Glenn Reynolds, The Power line Boys, the Great One, all respected Barristers.

In the article here   http://www.marklevinshow.com/goout.asp?u=http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/public-sector-unions-try-to-bail-out-democrats-105064254.html it states that the NEA and other Public Sector Unions are using money from dues to contribute to political operations. Correct me if I am wrong, is this not a violation of I.R.S. code? I’m just askin’

Dear Delawareans:

I can understand your hesitancy to support Christine O’Donnell. However let’s take a quick look at the situation.

1. Yes she is weird and possibly a little slow. However that has not stopped you from electing Representatives before. http://en.wikipedia.org/wiki/Joe_Biden

2. If you are a little worried about her mental capacity, she won’t be getting access to any launch codes. Also see #1

3. If you are worried about experience, That didn’t seem to matter in 2008. #1’s boss.

4. By choosing between a Conservative odd ball and a Marxist intellect, you will determine the makeup of the Senate. The question is, do you want to continue the policies of the current administration or would you like a second chance at economic recovery, health care reconstruction and/or determining our shared future.

In your heart you know the answer…

Is this liquor speak for "We have a ton of this stuff and we had better get rid of it"?  It is one thing to let Wine age properly, but anytime I hear Alcohol Diminished I figure I am getting ripped off.

If you have not seen the video, go to the MSNBC website and check two different exchanges that occurred during the week. The first was the post election break down on Chris “screwball” Matthews program on Wednesday. He and his special guest Howard Dean got into a tiff about the reasoning behind the Massachusetts vote for Scott Brown. Even Democrat water carrier Matthews could not believe Howies logic. The bottom line is the Chairman’s belief that the Commonwealths electorate voted for Mr. Brown because they wanted a public option from President Obama. To Matthews credit he did not let this ridiculous spin go on uncontested. So vote for a Republican to get a public option in the health care bill. See it to believe it.

The second interview from the Bizarro world is the Ed Shultz interview with Press Secretary Robert Gibbs. Ed used Dean logic to say the election in Mass. was a mandate for the democrats to move left and give us a public option. He also claimed that the Administration was in bed with the insurance industry and gave this as the reason for the failure of the health care bill. In the words of the Guinness guys “Brilliant”