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Tax Increases Create Jobs

Started by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
Discussion about
Illinois, which just raised taxes 66% continues to create jobs: December Unemployment Falls Again to 9.3 Percent In December, Illinois had +46,300 more jobs than December 2009, the fourth consecutive monthly year-overyear increase. http://www.ides.state.il.us/economy/cps.pdf In contrast, Chris Christie's NJ, which cut corpate texes, continues to lose jobs at an alarming rate: NJ Loses 16K Jobs, Yet Unemployment Drops A Notch http://philadelphia.cbslocal.com/2011/01/20/nj-loses-16k-jobs-yet-unemployment-drops-a-notch/
Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009

The tax increase was passed after this.

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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009

whoops...

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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010
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Response by somewhereelse
about 15 years ago
Posts: 7435
Member since: Oct 2009

42 jobs! Case closed!

Of course, the ironic thing is... guess how they were created...

TAX REDUCTIONS!

"a strategic state business investment package "

whoops!

Alpo always does an excellent job of proving the point of the opposite side of whatever case he is trying to make.

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Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009

"here you go: Jobs created AFTER the tax hike:"

You dummy, the press release YOU posted shows IL paid a subsidy to this employer!

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Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009

The second one got a tax credit.

You loose.

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Response by Socialist
about 15 years ago
Posts: 2261
Member since: Feb 2010

so the first one did not get a credit?

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Response by huntersburg
about 15 years ago
Posts: 11329
Member since: Nov 2010

Socialist: low temperatures cause summer.

Statistically, 6 months after winter, summer occurs. And because the summer months are too warm, 6 months later there is no longer a low temperature catalyst for summer

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Response by jason10006
about 15 years ago
Posts: 5257
Member since: Jan 2009

"so the first one did not get a credit?"

Tax credits and subsidies are economically equivalent. In both cases the state paid taxpayer money to specific employers to get them to move to NJ. This means net-net, these employers got special tax breaks others did not. i hate this concept. Either lower taxes for all businesses or not at all. Don't pick and choose who gets lower taxes (i.e. Wal-mart over mom & pops or K-Mart.]

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