[WSJ] If Republicans succeed in limiting the state-and-local tax deduction, one hope is that this could finally inspire a come-to-Jesus moment in prodigal high-tax states. Democrats in Illinois ought to be especially chastened by new IRS data showing an acceleration of out-migration.
The Prairie State lost a record $4.75 billion in adjusted gross income to other states in the 2015 tax year, according to recently IRS data released. That’s up from $3.4 billion in the prior year. Many of the migrants were retirees who often flock to balmier climes. But millennials accounted for more than a third of the net outflow in tax returns.
While Florida with zero income tax was the top destination for Illinois expatriates, the Illinois Policy Institute notes that Illinois lost income and people on net to all of its neighbors‐Wisconsin (6,000 people based on claimed exemptions), Indiana (8,200), Iowa (1,900), Missouri (2,000) and Kentucky (1,100). What’s the matter with Illinois?
Too much for us to distill in one editorial, but suffice to say that exorbitant property and business taxes have retarded economic growth. Illinois’s corporate tax rate is 9.5%, and pass-through business owners pay 6.45%. Though Illinois’s flat 4.95% income tax rate is relatively low compared to its neighbors, Democrats have found other ways to clobber their citizens.
Property taxes in Cook County and Chicago’s "collar" counties are the highest in the country outside of California and the Northeast. The average homeowner who moves from Lake County, Illinois, across the border to Kenosha County, Wisconsin would receive an annual $3,200 annual property tax cut. Taxes may increase as Democrats scrounge for cash to pay for pensions. Fitch Ratings reported this week that Illinois’s unfunded pension liabilities equalled 22.8% of residents’ personal income last year, compared to a median of 3.1% across all states and 1% in Florida.
This helps explain why Illinois’s economy has been stagnant, growing a meager 0.9% on an inflation-adjusted annual basis since 2012‐the slowest in the Great Lakes and half as fast as the U.S. overall. This year nearly 100,000 individuals have left the Illinois labor force. The University of Illinois Flash Economic Index, which measures corporate earnings and investment as well as personal income, hit a five-year low in October. (See nearby for the recent labor force trend in Illinois and Wisconsin.)
Illinois taxpayers have seen the warnings on the wall, which became even more stark after the Democratic legislature this summer overrode GOP Gov. Bruce Rauner’s tax hike veto. Democrats in Springfield and Chicago think they can defeat Mr. Rauner next year and raise taxes again, but they may succeed mainly in driving more people out of state.
#2
Heh - looks like Trump's not the only President who 'rewards our friends and punishes our enemies', is he? Now the shoe's on the other foot and will be jammed up their asses on or about April 15th, 2019.
There is one drawback to this state emigration thing - Democrats will continue to vote like they did back in their original state. Look at how they ruined my home state of New Hampshire over thirty years.
#4
>The average homeowner who moves from Lake County, Illinois, across the border to Kenosha County, Wisconsin would receive an annual $3,200 annual property tax cut.
But this is represented in the relatively costs for purchasing a house in either area.
#6
When they move, either they need to leave their big-government politics behind, or expect to be treated as disease-carrying locusts who would carry the plague of progressivism and liberalism to a new home.
#7
I don't know where you are, Cheaderhead, but Madison has seen a crime spike.
Posted by: james ||
12/13/2017 16:44 Comments ||
Top||
#8
In the aforementioned county. We've seen crime añd gang activity going up for some time. A lot of the problems started when Little Richie was trying to clean up Chicago during their Olympic bid. This is also when things in Milwaukee really started to go south.
On the plus side we are seeing businesses move north of the line.
[The Hill] Rep. Marcy Kaptur (D-Ohio) on Wednesday reportedly called clothing worn by some lawmakers and their aides on Capitol Hill an "invitation" during a discussion on sexual harassment.
"I saw a member yesterday with her cleavage so deep it was down to the floor," Kaptur said during a House Democratic Caucus meeting to talk about sexual harassment issues, Politico reported, citing sources in the room.
"And what I’ve seen ... it's really an invitation."
The Ohio Democrat reportedly said she has been "appalled" by some of the things staffers have worn.
"Maybe I’ll get booed for saying this, but many companies and the military [have] a dress code," she said.
"I have been appalled at some of the dress of ... members and staff. Men have to wear ties and suits."
Kaptur said in a later statement to Politico that it is never a victim's fault for being harassed.
"When I was first elected to Congress my office and I became a refuge for female staffers who had been mistreated by their bosses. Some of them in tears many days. It is something I carry with me to this day and something I brought up during our Caucus meeting," she said.
"Under no circumstances is it the victim's fault if they are harassed in any way. I shared the stories from my time here in the context of the ’Me Too’ legislation and how we can elevate the decorum and the dress code to protect women from what is a pervasive problem here and in society at large."
[The Hill] Deputy Attorney General Rod Rosenstein will be on the hot seat Wednesday over alleged political bias in the Justice Department ‐ and in a twist, he’ll be hearing it from both sides of the aisle.
Rosenstein is slated to testify before the House Judiciary Committee’s oversight panel at a time when both Republicans and Democrats are insisting that the personal leanings of FBI personnel have unfairly tilted the investigations into Hillary Clinton’s email server and the Trump campaign’s ties to Russia.
Judiciary Chairman Bob Goodlatte (R-Va.) has said he is "troubled" by the staff assigned to special counsel Robert Mueller’s Russia investigation, citing a senior intelligence agent, Peter Strzok, who was reassigned from Mueller’s team for sending allegedly anti-Trump texts.
Meanwhile, the top Democrat on the committee, Rep. Jerrold Nadler (N.Y.), is demanding that the Justice Department turn over documents that he says could reveal "politically-motivated misconduct" at the bureau designed to damage Clinton in the election ‐ including alleged leaks to media organizations.
Rosenstein is the senior Justice Department official in charge of the Russia probe due to Attorney General Jeff Sessions recusing himself. After taking over the investigation, Rosenstein appointed Mueller as special counsel.
Goodlatte and other Republicans are calling for the appointment of a second special counsel to investigate the handling of the FBI’s decisionmaking in the Clinton probe ‐ and Rosenstein will likely face pressure on that point on Wednesday.
Republicans have long argued that Clinton received kid-glove treatment from the Obama Justice Department, and now are using reports of the reassigned intelligence agent to argue that the investigation into Russia’s election meddling is a politically motivated "witch hunt" against President Trump.
[Daily Caller] Breitbart CEO Steve Bannon was widely mocked in political circles following Alabama Republican Senate candidate Roy Moore’s humiliating loss in the deep-red state of Alabama.
Bannon was one of Moore’s earliest supporters and campaigned in Alabama for the scandal-plagued candidate. In the primary run-off, Bannon backed Moore over President Trump’s preferred candidate, Republican Sen. Luther Strange.
"Luther Strange would have won in a landslide... Just too much crazy in nerve racking times," influential news kingpin Matt Drudge wrote on Twitter following Moore’s loss. "There IS a limit!"
"This is a brutal reminder that candidate quality matters regardless of where you are running," Steve Law, president of the Senate Leadership Fund, a Republican super PAC, said in a statement. "Not only did Steve Bannon cost us a critical Senate seat in one of the most Republican states in the country, but he also dragged the President of the United States into his fiasco," Law said.
Democratic strategist Paul Begala mockingly thanked Bannon for making Democratic candidate Doug Jones’ victory possible.
"Special thanks to the genius strategist who did so much to make this happen: Steve Bannon," Begala gloated.
#3
No 'presumption of innocence.' Aggressive sex scandaling works! Add a little hate sauce from abortion advocates and the entitlement crowd and voilà, victory salad.
#4
The Republican Party is a liberal institution under the leadership of McCain, McConnell, and Ryan, all moderate liberals. Conservatives are not represented by any party.
#7
Seated until 2018. Conservatives will take the election and seat back at that time, expecially if they can rally behind a single candidate early on. Mo Brooks is already there from the last election.
[Politico] NEW YORK‐David Petraeus had a rule when he was in command in Afghanistan and Iraq: "Be first with the truth."
Recalling that was Petraeus’ cautious way of answering a question about whether President Donald Trump is right to say that America is winning the war against the Islamic State. Later, the retired four-star general and former CIA director told me in an interview for POLITICO’s Off Message podcast, "There are other presidents who have also made some declarations that they undoubtedly wished that they hadn’t made."
But that’s about as critical as Petraeus is willing to be of Trump, a president who could hardly be more different than the warrior-intellectual whose pronouncements on the progress of America’s wars were once treated like thunder from Mt. Olympus. Today, he doesn’t quite hold the same grip on the public esteem, but he was strikingly bullish on a president who’s been compared to a "wrecking ball" liable to start World War III‐and that’s just the criticism from Republicans.
Like a soldier walking through a minefield, Petraeus stepped gingerly through his answers. Though he repeated that he’s ruled out ever running for office, Petraeus confirmed he has spoken with the Trump administration about being secretary of state and national security adviser and says he’d still be interested about going in, "but it would have to be a specific set of circumstances or be, frankly, certain conditions." He wouldn’t say what those were, but noted they were part of the conversation he had with Trump a year ago when Rex Tillerson was offered Foggy Bottom instead.
#3
p.s. In some species of fish genders can be switched with a right environmental trigger. Now, how do we turn (adult) gender confused into clownfish?
#4
Now in the coral reef fish world there are a lot of species that change from female to male. In wrasses I believe the real showy forms are called "terminal males". Now in clown fish females are the terminal state. So you see Nemo's father in the real world would become the female in the host anemone and Nemo being the juvenal would become the male. Of course scarlet cleaner shrimp take switch hitting to the extreme. The female after nolting becomes male and the male after moltimg becomes female.
All told us mammals have pretty boring sex lives.
#9
Thoughts and feelings that are stubbornly adhered to in contravention of physical reality are called DELUSIONS, Doctor. He is no more a girl than he is a pit-bull or an Apache Helicopter. It is harmful to indulge these delusions lest they develop into full-blown mental illnesses.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[The Hill] Rep. Marcy Kaptur (D-Ohio) on Wednesday reportedly called clothing worn by some lawmakers and their aides on Capitol Hill an "invitation" during a discussion on sexual harassment.
[The Hill] Deputy Attorney General Rod Rosenstein will be on the hot seat Wednesday over alleged political bias in the Justice Department ‐ and in a twist, he’ll be hearing it from both sides of the aisle.
[Politico] NEW YORK‐David Petraeus had a rule when he was in command in Afghanistan and Iraq: "Be first with the truth."
