Detail Illinoyed; Taxes and Disinvestment   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8762 (Dec. 2011), page 42-44. Topik: Politics; Tax Incentives; State Budgets Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The state finances in Illinois are an ugly mess of deficits, unpaid bills and tax refund backlogs. At the heart of the problem lies a public pension liability estimated at a present value of $80 billion. The state's pension schemes are only 51% funded, the lowest rate among the 50 states. In January, in an attempt to grapple with its problems, the state raised corporate taxes from 7.3% to 9.5% and personal income tax from 3% to 5%. Although the tax hikes are theoretically temporary--and start to expire in 2015--both the rises and the continued failure of politicians to get to grips with the budget crisis are starting to worry businesses. Many companies, fearing that they, and their employees, will ultimately have to pick up the tab, are demanding tax breaks to stay in the state. The state's general assembly has responded by preparing legislation that offers these companies a deal. Although a final bill has yet to be agreed, legislative approval looks very likely. Although each new individual arrangement may seem justifiable to the politicians, together they further undermine the state's financial position. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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