Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. User Boards ›
  4. Political Debate Board Message Board

Appears that all CA and IL do is search for new w

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 65629
(Total Views: 96)
Posted On: 12/15/2018 5:35:54 PM
Avatar
Posted By: Lmcat
Appears that all CA and IL do is search for new ways to raise taxes!

Chicago, Suburban Mayors Call for Hike That Could Make Illinois’ Gas Tax Highest in Nation
December 15, 2018

Suburban mayors joined Chicago Mayor Rahm Emanuel to ask Illinois lawmakers to raise the state's gas tax by 20 to 30 cents a gallon, a proposal that could make Illinois' motor fuel tax the highest in the nation and ensure that per gallon taxes increase yearly with the rate of inflation.

Outgoing mayor Emanuel joined other mayors from suburban Chicago on Tuesday to push the General Assembly should pass a gas tax hike in January. He said the costs and use of roads have increased while funding to maintain them has been stagnant.

"We’re calling on the lawmakers, when they convene starting in January, to start to work on a number of issues that have not been addressed over the years, calling for an increase to the gas tax by 20 to 30 cents," he said.

"If you took the low range of the 20 to 30 cents that we're talking about, the 20 cents would reflect just inflation."

The money, Emanuel said, should go to fund a new infrastructure bill. Gov.-elect J.B. Pritzker has said the state needs a new transportation funding bill.

"We’ve talked about all of the options that are available to us and haven’t eliminated any of those options at the moment," Pritzker said Monday in Springfield.

Illinois has the 10th highest gas taxes in the nation, according to the nonprofit Tax Foundation.

A 30-cent hike would make Illinois’ total gas taxes the highest in the nation.
Illinois’ total average tax burden on a gallon of fuel is 37.32 cents, according to figures from the American Petroleum Institute.

At the proposed 67.32 cents per gallon, Illinois' taxes would be higher than Pennsylvania’s average of 58.7 cents per gallon, the highest rate in the nation.

Another cost included in each gallon of fuel sold in Illinois is the state's sales tax. Illinois is one of seven states that charge sales taxes on fuel. The others are California, Connecticut, Georgia, Indiana, Michigan and New York.

Rural residents – who often drive further to work and shop, tend to use larger vehicles and earn less money – are often hit harder by higher taxes on motor fuel, according to a 2015 report from the Fielding School of Public Health at the University of California Los Angeles.

"Where urban drivers have many ways to avoid the heaviest blows of a gas-tax increase, rural voters must take the full brunt," the report said. "They can’t go out and buy a new, more efficient vehicle, and they can’t switch to other modes like biking or walking or transit. Asking them to cut back on trips is like asking them to engage in social isolation."

https://freebeacon.com/issues/chicago-suburba...st-nation/




(1)
(0)








Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us