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The [Friday] Papers"A proposed state constitutional amendment to impose a 3 percent surtax on incomes of more than $1 million a year failed Thursday in the Illinois House," the Springfield State Journal-Register reports. "The vote on the amendment was 68-47. It needed 71 votes to pass the House. All Republicans voting on the proposed amendment voted against it. Three Democrats also voted against the measure: Jack Franks of Marengo, Ken Dunkin of Chicago and Scott Drury of Highwood." Franks and Drury, sure, but what up Ken? "[Dunkin] said he wanted to see a comprehensive solution that provides more money to schools and other needed state services." We'd all like to see a comprehensive solution - one that solves cancer and eliminates the designated hitter, too - but until then... * "Dunkin complains that Madigan's proposal is a distraction from the larger issue of fair funding for all schools in Illinois," according to Reboot Illinois. Dunkin seems to be the only one distracted. It's true that revenues from a millionaire tax would be distributed to local school districts on a per pupil basis and thus not address funding inequities. It's also true that funding inequities, due mostly to a reliance on property taxes to fund schools, are a far larger and complicated issue than a millionaire tax that would put some money in the bank in a pretty straightforward way. It's also true that Madigan is just playing politics. So maybe it is a distraction. Then again, Ken Dunkin . . . from the Beachwood vault: Lastly, just to show how ridiculous the whole thing is, state Rep. Ken Dunkin's application for a legislative scholarship doesn't seem to contemplate that a high school student could just google the answers to such silly questions as who the lieutenant governor is and what the three branches of government are (trick question - there are only two: The House of Madigan and The Hall of Rahm). Meanwhile, House Republicans insisted a millionaire tax would empty Illinois of millionaires. "These people have the ability to leave, and they can and they will," said Rep. Ron Sandack, R-Downers Grove. "We ought to be encouraging job creators. We will be pushing them out of the state."Doubtful. "Rep. Robert Martwick, D-Norridge, noted that 22 states already have top income tax rates comparable to or higher than the rate that would have been imposed on millionaires in Illinois. For example, Iowa imposes an 8.9 percent rate on income of more than $70,000. "Mr. Speaker, where are all of these people going to move?" Martwick said. Not only that, but this from Minnesota Public Radio: The number of top Minnesota earners who filed 2013 tax returns was higher than initially projected, a sign that Gov. Mark Dayton's push to raise taxes on the state's wealthiest earners has not caused many to flee. The economy up there is going gangbusters. Look to the north, people, not the east. Would you rather be Minnesota or Indiana? - Beachwood Photo Booth: Chicagolandia Sugar Gamers Love Quimby's The Beachwood Radio [Sports] Hour The Beachwood Radio [News] Hour And only the people who put it there can save us! Plus: Cub Fan Gonna Cub Fan; When David Letterman Lost The Plot; Daddy Chance The Streets & San Super; Secret Hospitals Of The 1%; and Bruce Rauner's Vegas. The Week In Chicago Rock - BeachBook * White Sox Cameraman Caught Watching Blackhawks Game. * Smiley Face Cookie Wars: Pennsylvania Chain Sues Chicago Bakery. * State Of Illinois Breakfast Club Auction. - TweetWood
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- The Beachwood Tip Line: Tips gonna tip. Posted on May 22, 2015 |
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