Thursday, November 13, 2008

 

Mass Payoffs In Chicago?

Actually, Mayor Daley said mass layoffs: "Each one (chief executive officers) tells me what they're laying off, and they're going to double that next year. We're talking huge numbers of permanent layoffs for people in the economy. It's going to have a huge effect on all businesses."

Last July: Chicago's sales tax jumps Tuesday to 10.25 percent, due in large part to Cook County's 1 percent tax increase. It's one of the highest tax rates in the country, even higher than New York and Los Angeles

Next July?: Stroger proposes to more than triple the county's share of the sales tax. It would make the combined local sales tax a whopping 11 percent – more than any other major U.S. city.

Stroger says: "Let me tell you this," he said. "We'll be passing something or there'll be severe problems."

There are going to severe problems for someone in Chicago but I don't think it will be the ones in office. It will be the tax/license/registration/fine/citation payers.

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