Tuesday, Sep 2, 2014
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UrKidsWillPay - Lovelace indicted in wife\'s death - Quincy, IL News - QuincyJournal.com
"You don't get indicted on nothing." Tell that to Rick Perry or Tom Delay before him. Innocent people get indicted all the time...not that it applies in this situation or doesn't apply. We don't know the facts that were presented at the hearing and even if we knew what was presented, we don't have the benefit of those facts being challenged. The potential defendent and/or his…
HiDawnG - Abandoned baby calls to mind Safe Haven laws - Quincy, IL News - QuincyJournal.com
I can't help but believe that if the mother who abandoned this little baby had known about the law, she wouldn't now be being tracked down by the police. The Baby Safe Haven law offers a safe, legal, option for a desperate parent in crisis. The law says a parent hand their unharmed baby, 30 days old or younger, to staff at a hospital, fire or police department. No questions asked. Thanks…
1950Brutus - Durbin makes fund-raising stop in Quincy - Quincy, IL News - QuincyJournal.com
Dick "Pee Wee" Durbin apparently doesn't see taxes as a problem - no mention of it in his statement. Maybe the problem of "jobs that don't pay enough money" would decrease if the taxes that come out of this pay are decreased.
EgoReputo - Hiding public records in Illinois now a Class 4 felony - Quincy, IL News - QuincyJournal.com
"..... This law should be of special concern to public officials who are in charge of producing and maintaining public records. Clerks, recorders, finance workers, comptrollers and Freedom of Information Act, or FOIA officers are some of the primary caretakers of public records and public records requests." This new law should spell big trouble for the Quincy School District. Anybody know what's…
ONCEMORE1 - Rauner to make Quincy stop on Saturday - Quincy, IL News - QuincyJournal.com
Might as well stay home................

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Madigan proposes corporate income tax cut

7 months ago pantagraph.com

Rate would drop from 7 percent to 3.5 percent under the plan

From pantagraph.com:

House Speaker Michael Madigan on Thursday proposed cutting Illinois' corporate income tax in half in an effort to improve the state's business climate, a move that also could help blunt election-year criticism that Democrats' policies are to blame for a sputtering economy and stubbornly high unemployment.

The legislation would cut the rate from 7 percent to 3.5 percent, effective Jan. 1, 2014. The powerful Chicago Democrat said it would save businesses an estimated $500 million to $700 million in the current fiscal year, which ends June 30.

"I am hopeful this legislation will encourage CEOs to grow their workforces with good paying jobs," Madigan said.

But business groups offered tepid praise, saying it would impact only a fraction of Illinois companies and that other taxes - particularly the personal income tax - are of greater concern.

Kim Clarke Maisch, Illinois director of the National Federation of Independent Businesses, said 75 percent of small businesses are organized in such a way that they pay personal income taxes on all business income. According to the Legislature's Commission on Government Forecasting and Accountability, of the companies organized to pay corporate income tax, about 70 percent had no tax liability in 2010.

"It's a step in the right direction, but the real job creators are small business owners, so if we're looking to give them relief, it would be better if we were to focus on the personal income tax as well," Maisch said.

Speaking to reporters in Chicago, Gov. Pat Quinn said he hadn't talked to Madigan and wouldn't say whether he supported the idea in advance of next month's budget address.

"We'll be preparing a budget," Quinn said. "We'll look at everybody's concepts."

Democratic lawmakers in 2011 approved a temporary tax hike as a way to address Illinois' fiscal crisis. It raised the corporate income tax from 4.8 percent to 7 percent and the personal income tax from 3 percent to 5 percent.

Republicans have made the tax increase a big focus heading into the 2014 election, arguing that the Democrat-controlled Legislature squandered the billions in additional revenue and that the hike drove businesses out of state. They note Illinois still has a roughly $6 billion backlog of unpaid bills and one of the highest unemployment rates in the nation.

The issue also has become more prominent this year because the higher rates are scheduled to roll back on Jan. 1, with the corporate rate dropping to 5.25 percent and the personal income tax to 3.75 percent. Those changes would reduce revenues by about $2 billion in the second half of the next fiscal year, forcing lawmakers to either cut spending or pass new tax legislation.

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From the Newsroom

Bob Gough on Twitter

Bob Gough 48 minutes ago

RT @quincyjournal: Quincy Park Board to interview executive director finalists - Three to be interviewed tonight http://t.co/ZrYBwIovDx
QuincyJournal on Twitter

QuincyJournal 50 minutes ago

Quincy Park Board to interview executive director finalists - Three to be interviewed tonight http://t.co/ZrYBwIovDx
Bob Gough on Twitter

Bob Gough 2 hours, 40 minutes ago

RT @TheBaldviking: Maybe all of these celebrity nude pics should have been stored on Lois Lerner's hard drive...
Bob Gough on Twitter

Bob Gough 2 hours, 40 minutes ago

RT @CMDmastrchief: Funny the FBI is investigating hacked nude photo's of celebrities but won't look into Lois Lerner's lost e-mails #IRSsca…