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Recent Comments

qfingers - Where $1 million is going at Quincy Regional Airport - Quincy, IL News - QuincyJournal.com
Perhaps...but once the FAA says it's needed you probably shouldn't wait for what is a routine maintenance task.
UrKidsWillPay - Strawman: A Society Out of Control........... - Quincy, IL News - QuincyJournal.com
I, for one, am tired of the media portraying the Ray Rice case as an issue of men abusing women. I haven't heard ANY of the talking heads mention that Janay struck Ray. That is domestic violence as well. I am not excusing Ray or blaming Janay. What I am tired of is domestic violence being portrayed as a MAN problem. Nurmerous studies have proven that domestic violence is perpetrated as often…
1950Brutus - Strawman: A Society Out of Control........... - Quincy, IL News - QuincyJournal.com
We only have ourselves to blame for a large part of this problem. For some reason we insist on putting people who can shoot a basketball, or carry a football, or hit a baseball 450 feet on a pedestal. This alone is not deserving of respect. The only difference between them and us is how much money they make. Money can’t buy you love and it can’t buy you respect either. I respect my mailman more than…
qfingers - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
I do believe the way the QPD runs this is to simply look to see if you're wearing a seat belt or driving erratically or some other obvious violation. From there that can then lead them to other things once they check your license or can see inside your car but it's all based on probable cause. They can't even ask to search your car anymore like they used to do.
pamarshall - Where $1 million is going at Quincy Regional Airport - Quincy, IL News - QuincyJournal.com
So basically, repainting the runway...isn't considered an acceptable use of the grant money.

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Madigan proposes corporate income tax cut

7 months, 2 weeks 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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