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Chicago Tax MELTDOWN: 130% Property Tax Hike After Progressive Policies BACKFIRE

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Manage episode 520811750 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Chicago residents are getting absolutely destroyed by property tax hikes—some neighborhoods seeing increases of 130% or more—and they're shocked? Really? This is what happens when you vote for "progressive revenue" politicians like Brandon Johnson who chase away every major business with their anti-corporate agenda. Now that Caterpillar and countless other companies have fled to Texas and Florida, guess who's left holding the bag? That's right, the homeowners.We break down how Chicago's war on business created a $134 million commercial property tax shortfall that residents are now forced to cover. Meanwhile, Johnson doubles down with even MORE business taxes—a $20 per employee "head tax," yacht taxes, and social media user fees. Is anyone surprised this progressive playbook is backfiring spectacularly?When will voters connect the dots between their ballot choices and their skyrocketing tax bills? How many more businesses need to pack up and leave before Chicago wakes up? The wheels are coming off in real time, and we're watching every painful detail unfold.

  continue reading

3167 episodes

Artwork
iconShare
 
Manage episode 520811750 series 2792715
Content provided by Sean Reynolds. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Sean Reynolds or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Chicago residents are getting absolutely destroyed by property tax hikes—some neighborhoods seeing increases of 130% or more—and they're shocked? Really? This is what happens when you vote for "progressive revenue" politicians like Brandon Johnson who chase away every major business with their anti-corporate agenda. Now that Caterpillar and countless other companies have fled to Texas and Florida, guess who's left holding the bag? That's right, the homeowners.We break down how Chicago's war on business created a $134 million commercial property tax shortfall that residents are now forced to cover. Meanwhile, Johnson doubles down with even MORE business taxes—a $20 per employee "head tax," yacht taxes, and social media user fees. Is anyone surprised this progressive playbook is backfiring spectacularly?When will voters connect the dots between their ballot choices and their skyrocketing tax bills? How many more businesses need to pack up and leave before Chicago wakes up? The wheels are coming off in real time, and we're watching every painful detail unfold.

  continue reading

3167 episodes

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