Hey, What Do You Know? Unemployment Went Up in Illinois After Tax Hikes


Look no farther than Illinois for an illustration of what President Obama’s proposed tax increased will do to the economy. Illinois raised the corporate income tax rate by 46%, and the personal income tax rate by 67%. Guess what happened after that? Unemployment went up. What a surprise.

Remember this when the presidential debate heats up and one side says we need to increase taxes on certain people, while not cutting spending.

H/T to Marathon Pundit