Friday, March 02, 2007

I am glad to see Sneed is on top of the breaking news....
$$$$$: Sneed has learned Gov. Blagojevich and his staff are considering proposing a Gross Receipts Tax.
• Translation: The tax would be levied against all Illinois businesses, including law, engineering and architectural firms and other service delivery entities.
• The hit: It's estimated to generate $5 billion.
• The haul: Most of the proceeds would go to fund education and address the long-term state pension shortfall.
• The chance: Such a tax initiative will likely face hard scrutiny from the Legislature . . . and potentially the courts.

Really, Mike. Where could you have heard that? (FYI, the last one is from her own paper)


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