By John F. Di Leo -
Reflections on the latest tax hike request from the City of Chicago...
Chicago Mayor Rahm Emanuel has asked for a massive tax increase. No surprise there.
Massive tax increases have been the stock-in-trade of the Democratic Party for a century, so it barely merits comment nowadays. It’s what you expect when you elect Democrats (the sad thing is that you expect an equal level of opposition to taxes when you elect Republicans, but contrary to the laws of physics, such an equal and opposite reaction rarely appears).
The oddity of this new one – worthy of note – is the nature of the tax increase, as presented. It’s estimated to be a $600 million property tax increase, but even before it was announced, the Mayor started lobbying Springfield for a broadened homeowner exemption to dampen its effects. He’s simultaneously reaching into your pocket with his left hand, while his own right hand slaps away his own left hand as he does it. Why not just ask for a smaller tax increase and be done with it, you may ask? Ah, that would be too easy.