Monday, May 14, 2007

Illinois Dems Reject Kentucky-like Tax Increase

A gross receipts tax on businesses, like Kentucky's Alternative Minimum Calculation, was unanimously rejected by Illinois' House of Representatives last week.

The idea behind their increase was to finance socialized medicine.

The Wall Street Journal has the story. This should be a big blow to the Hillarycare folks. Too bad Kentucky couldn't have pulled together to fight against the idea that taxing businesses more doesn't really hurt anyone.