Authored by Mike Shedlock via MishTalk.com,
Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down.
In the emergency session, Rauner has agreed to hike the personal income tax rate to 4.95% from the current 3.75%. The corporate income tax rate will rise to 7% from the current 5.25% rate.
For what? Nothing. Reforms are non-existent.
Another Deadline Come and Gone
We've written quite a bit over the past couple of months about the pending financial crisis in Illinois which will inevitability result in the state's debt being downgraded to "junk" at some point in the near future (here is our latest from just this morning: "From Horrific To Catastrophic": Court Ruling Sends Illinois Into Financial Abyss).
Content originally published at iBankCoin.com
If you thought Trump was going to chill out after the Morning Joe drama, you were wrong. He's after Joe and Mika again, in addition to rubbing salt in the wounds of fake news media outlet, CNN.
Crazy Joe Scarborough and dumb as a rock Mika are not bad people, but their low rated show is dominated by their NBC bosses. Too bad!
Via The Daily Bell
Germany has taken its war on “hate speech,” also known as free speech, to the people.
Already Germany has pretty strict laws against citizens using Nazi symbols and denying that the Holocaust happened. Apparently, lawmakers miss the irony of going full Gestapo on citizens for free speech, as offensive as it may be.
But they are not stopping there. The German government has raided the homes of 36 people accused of hateful posting on social media.
First Maine, then Connecticut, and finally late on Friday, confirming the worst case outcome many had expected, Illinois entered its third straight fiscal year without a budget as Republican Governor Bruce Rauner and Democratic lawmakers failed to agree on how to compromise over the government’s chronic deficits, pushing it closer toward becoming the first junk-rated U.S. state.