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Huge Illinois Tax Hike Could Mean Exodus To The North
 That sucking sound you hear in Illinois might be jobs and moving vans leaving the state.In the wee hours of Wednesday morning, Illinois lawmakers squeaked in a massive tax increase at the end of its session before a new legislature, that is unlikely to pass tax increases in a down economy, started Wednesday. Some lawmakers say the increase was desperately needed to balance the state's fledgling budget. Now both residents and business owners in the "Land of Lincoln" are threatening to move out. But that's good news for Illinois' neighbors to the north in Wisconsin, and they are laying out the welcome mat. "Wisconsin is open for business," newly elected Republican Governor Scott Walker said in a statement his office put out immediately after the Illinois vote. "In these challenging economic times while Illinois is raising taxes, we are lowering them." In an interview with FOX News, a spirited Governor Walker said Illinois lawmakers just made it an easy choice for a business trying to decide where to grow. "It's clear that it provides a great contrast to employers making a decision on long term growth and where the future is best for their company." This is already happening. Amazon has just ended it's partnerships with Illinois businesses and they are looking to move to Indiana or Wisconsin. I expect the states that are buisness friendly around Illinois will start to bounce back from the Depression while Illinois continues to circle the toilet. Maybe Chicago will resemble Detroit in a decade. Posted by: DarthVader 2011-01-12 |
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