Sunday, July 15, 2012

Tax Increases Kills Jobs

The call by Obama and his team for higher taxes is one only fools will ignore. In these economic times it is just stupid to raise taxes on anyone. Look at the chart of what happened when Illinois increased taxes last year.


Wisconsin lowered taxes and put a muzzle on public sector labor unions. The result is the unemployment has dropped below national levels of 8.2% to just 6.8%.

2012
May
3075391(P)
2866815(P)
208576(P)
6.8(P)
F : Reflects model reestimation and new seasonal adjustment.
B : Reflects revised population controls, model reestimation, and new seasonal adjustment.
P : Preliminary.

Illinois’ raised taxes and has since not been able to have the unemployment rate lower then 8.6%. Above the national adv. every month since the tax increases went into effect.

2012
May
6590131(P)
6025714(P)
564417(P)
8.6(P)
F : Reflects model reestimation and new seasonal adjustment.
B : Reflects revised population controls, model reestimation, and new seasonal adjustment.
P : Preliminary.


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