SPRINGFIELD - Maybe AFSCME Council 31's feeling pretty good about the good deal they made with Governor Quinn yesterday, but the vast majority of private sector, taxpaying workers aren't so gleeful today.
REUTERS reports that US personal income dropped 3.6 percent, the biggest dip in twenty years. Not only did workers feel the income pinch, they were socked with tax hikes.
The Commerce Department said on Friday consumer spending increased 0.2 percent in January after a revised 0.1 percent rise the prior month. Spending had previously been estimated to have increased 0.2 percent in December.
Add in the skyrocketing prices at the pumps, $1 per pack cigarette tax hike that went into effect March 1st along with the high price of milk per gallon, hints that lawmakers like State Rep. Lou Lang (D-Chicago) wants to make permanent the temporary 2011 67% hike in state income tax aren't setting well with Illinois taxpayers.