llinois to Tax Drivers 1.5 cents per mile they drive

Illinois Road Tax

llinois motorists are living in a bankrupt state that has promised pensions it never funded. Their state constitution bars the politicians from reducing the pensions so the net result, tax payers must pay a lot more to fund pensions of government workers. As oil prices have collapsed, tax revenues have dropped. The net result, the proposal made by Democrat State Sen. John Cullerton imposes a new tax upon residents forcing them to pay 1.5 cents per mile that they drive. Taxes will rise further and further as the States move into major deficits and as interest rates rise, they will be compelled to raise taxes drastically.

Latest Posts

Market Talk – September 6, 2024

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 265.62 points or -0.72% to 36,391.47 • Shanghai decreased 22.51 points or -0.81% to 2,765.81 [...]
Read more

The Jobs Number & Russia

The U.S. economy added fewer-than-expected new jobs last month because most economists still refuse to comprehend that there is such a thing as the business cycle. Here we have the [...]
Read more

PRIVATE BLOG – Answering Your Questions

PRIVATE BLOG – Answering Your Questions Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
Read more