Quote:
Originally Posted by left of center
A recession has been "on the way" for at least the last 4 years if you pay attention to the talking heads. The reality of the situation is that the economy is still extremely hot, with half century low joblessness rates, all during a crushing interest rate environment.
I agree with this. I definitely want 95% of the excess revenue going to plugging the pension holes and rainy day funds. But a tiny token tax cut would make headlines in all the news sources that currently say that IL is an economic wasteland with an onerous business killing tax burden that is sending residents packing for greener pastures. A change in image would be worth the small expense.
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A token tax cut does nothing and if anything is a slap in the face to taxpayers.
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