Civic Federation Recommends Limiting Government Spending Growth to 2.1% Per Year
The Civic Federation continues to promote the taxation of retirement income with the help of the Chicago Tribune.
The Tribune today has an article reporting on the long-ago-made proposal timed as finances continue to be inadequate to pay for pensions and Democratic Party legislators’ wish list.
You can read the report here.
For seniors, the focus is currently on high real estate taxes.
Bad weather is another reason.
So, on the day of the worst snow storm of the winter, the Tribune reminds those most likely to abandon the state–those who are retired–that, besides avoiding snow, they can protect themselves from a 5% income tax on their 401(k)’s and pensions.