In Chicago, if you start a business, work hard, stay disciplined, plan wisely---and do well as a result---you will be punished.
Right now, a group of Chicago aldermen, led by Carlos Ramirez-Rosa, are attempting to revive the employer’s expense tax to bail out Chicago Public Schools. Under Ramirez-Rosa’s plan, businesses that employ over fifty people would have to pay a thirty-three dollar “head tax” for each employee. On top of every other tax---property, income, whatever.
Pat Hughes dissects the Chicago political classes' newest tax on this edition of Two Minute Warning.