April 14, 2022
Debt-ridden Illinois buying election year votes with temporary ‘tax cuts’
By Jack Hellner
Democrats in Illinois are bragging that they are showering $1.8 billion of temporary tax cuts on the populace because of their superior fiscal management, instead of crediting the largess of federal taxpayers (which contributed greatly to the destructive inflation that is destroying the economy) for their windfall. They are even trying to force stores to display propaganda on it.
Grocery stores must advertise the suspension, by law, on customer receipts. If that isn’t feasible, they must display a 4-inch by 8-inch bold sign. Either option will show this message:
“From July 1, 2022, through July 1, 2023, the State of Illinois sales tax on groceries is 0%.”
Here is the amount it appears my wife and I will get from this stash:
-$50 per person per year in an income tax cut or $100
-A Possible $300 additional property tax credit. In Illinois we are privileged to pay the highest or second highest property taxes in the country -- so how generous!
-A temporary suspension of the 1% sales tax on food for a year. So, if my wife and I spend $400 per month at the store we will save $4 per month or $48 per year. Everyone should remember that sales taxes have risen substantially on gasoline and everything because of inflation and now they are bragging about a 1 cent reprieve for a year.
-The Democrats are also counting a delay in a 2 cent raise in gas taxes scheduled to go into effect in July as a tax cut even though it won't save anyone money out of their current expenses. Using that same logic, I will also delay the purchase of a car so I will call that a spending cut.
more
https://www.americanthinker.com/blog/2022/04/debtridden_illinois_buying_election_year_votes_with_temporary_tax_cuts.html
