Month: September 2012
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100 Days Until Taxmageddon
Sunday will mark the start of the 100-day countdown to “Taxmageddon” – the date the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2013: via Americans for Tax Reform. Here’s a list of some of the new and…
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Rahm: Higher Cigarette & Amusement Taxes
Mayor Rahm Emanuel is considering an increase in city taxes on cigarettes and entertainment to help close an anticipated $369 million gap in next year’s budget, City Hall sources said Wednesday. … It’s unclear how much the cigarette tax might be raised. A city tobacco tax increase would come on the heels of a $1-a-pack…
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Mitt Romney on the Federal Reserve
“Yeah, it’s interesting…the former head of Goldman Sachs, John Whitehead, was also the former head of the New York Federal Reserve. And I met with him, and he said as soon as the Fed stops buying all the debt that we’re issuing—which they’ve been doing, the Fed’s buying like three-quarters of the debt that America…
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Ald. “New Tax” Cardenas Wants $5/mo
Chicago should impose a “safety and security fee” — as high as $5 a month on homes and businesses — to generate the $70 million needed to hire 700 additional police officers, an influential alderman said Thursday. Ald. George Cardenas (12th), chairman of the City Council’s Health Committee, said Chicago desperately needs a surge in…
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Blantly Racist Headline at L.A. Times & Tribune
White working class: Clinging to guns, religion and Romney via Chicago Tribune. Here is Barack Obama’s full quote: You go into these small towns in Pennsylvania, and like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them. And they fell through the Clinton…
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Illinois Unemployment at 9.1%
Unemployment across Illinois rose to 9.1 percent in August, the third straight month of increases in the state, the Illinois Department of Employment Security said Thursday. … Unemployment in July was 8.9 percent. Increases in the unemployment rate in June, July and August followed nine months of slow but steady declines. The federal government said…
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One Word for CPS Teachers: Save
Save. Save as much money as you can. Live well below your means. The pension time-bomb is coming. One of the most vexing problems for Chicago and its teachers went virtually unmentioned during the strike: The pension fund is about to hit a wall. The Chicago Teachers’ Pension Fund has about $10 billion in assets,…
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Surgeon Sage Says
“Surgeon Sage Says” (circa 1915)
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Chick-fil-A Wavies 1st Amendment Rights
Chick-fil-A has pledged to stop giving money to anti-gay groups and to back off political and social debates after an executive’s comments this summer landed the fast-food chain smack in the middle of the gay marriage debate. The Civil Rights Agenda, which dubs itself the largest lesbian, gay, bisexual and transgender advocacy group in Illinois,…
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400 Richest Americans’ Worth $1.7 Trillion
The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine’s annual list of the U.S. uber-elite, including Bill Gates, Warren Buffett, Larry Ellison and the Koch brothers. The…