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The [Thursday] Papers"Even as the Chicago Teachers Union reduced the threat of a strike, the group unveiled a long list of potential taxes that it said would raise $500 million for the cash-strapped public schools, Crain's Greg Hinz reports. "Let's just say that anyone who buys gasoline, owns commercial property, rides on Uber or Lyft, stays in a hotel or operates a business that employs people will not be happy," Hinz says. That's a weird formulation. Plenty of people who buy gas, own commercial property, use Uber and/or Lyft, and operate businesses that employ people also have kids in Chicago schools. There's no reason to assume they don't want to see those schools properly funded. (As far as people who stay in hotels, they aren't likely to notice or care if they have to pony up a few extra bucks they can put on their expense account or tack onto their vacation budget.) * Even some people who fit into these categories and don't have kids would not be unhappy to see these taxes go through. Some folks actually care about the city and its kids, not just themselves. * Hinz: "Heading the list is $94 million a year from reinstating - at a quadrupled rate - the city's former head tax, which Mayor Rahm Emanuel finally finished repealing. CTU did not give a monthly number per employee, and failed to immediately return phone calls seeking details. Emanuel said at the time that tax was driving employers out of town." Name one. * The head tax was always a weird thing, and businesses hated it, of course, but despite many promises, Richard M. Daley refused to do away with it. The money has to come from somewhere. "[T]he mayor also noted he will have to find ways to make up for lost revenue," the Tribune reported in 2011. How do you think he did it? * "There's no doubt that it's been a regressive tax," the then-CEO of the Chicagoland Chamber of Commerce said at the time. Oh, so the chamber is on board with progressive taxation! Are they willing to go to Springfield with the CTU to fight for that statewide? * "Want to crush Illinois' small businesses? Pass a progressive tax," says the Illinois Policy Institute, a conservative advocacy group that sometimes masquerades as a news service. So we can't tax business regressively or progressively. I get it: We're not allowed to tax business at all. See how fast companies leave the city and state when we see the budget results of that. Look at how our governor is doing for a preview. - German Finance Minister Cries Foul Over Tax Avoidance Deals Why The Stakes Are So High For The Black Panther A Fan's Ashes Fantasy Fix: Home Run Help At The Adler: Women In Space 24 Hours With Jewelry Television - BeachBook Leaked TTIP Docs Cast Doubt On Trade Deal. * Why Google's 'Time Spent' Metric Is Bullshit. * Ted Cruz So Unpopular He Could Not Be Saved By Data Propaganda. - TweetWood
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- The Beachwood Tip Line: Run, don't walk. Posted on May 5, 2016 |
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