Another Democrat-run state is about to turn up the tax rate on its residents, absolutely punishing hard-working Americans to pay for out-of-control government spending.
As the new year rings in, Illinois has also rung the bell on a slew of new taxes to raise an estimated $1.7 billion.
All the while, spending reform is nowhere in sight.
Happy as a Clam
The pictures of Democrat Governor Pritzker signing the new tax legislation was sickening.
While punishing his citizens, he had a smile that made him look as though he was a 10-year-old that just managed to rip off the local candy store.
In all, 20 new fees and tax hikes are going into effect (nearly half go into effect on January 1), including a gas tax that is doubling.
The new tax hikes are:
- Licensing for legalized recreational cannabis
- New tax in legalized recreational cannabis
- Expansion of ecommerce sales taxes
- Increase in sales tax for remote retailers
- Increased vehicle registration fee
- Increase in electric vehicle registration
- Increase in trucking fee registration
- Parking garage tax
- Trade-in vehicle tax
Many of these taxes are considerable and could create a major problem for retailers, especially in the auto industry.
For example, the trade-in tax will add considerable costs to purchasing a new vehicle.
Someone purchasing a $35,000 vehicle with a $20,000 trade-in will now have to pay an additional $874 in taxes.
The frustrating thing here is that these hikes were not needed if the state government would get its act together.
Rather than putting these excessive taxes in place, Pritzker and company need to get control of their spending.
This, however, is how Democrats do business and it is real and honest look at the future of our entire country if Democrats manage to win back the White House.
You can read the full report on the new taxes at IllinoisPolicy.Org.