Taxpayer Alert

Chicago Speed-Trap Cameras ‘Discriminatory and Racist’

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CHICAGO—The head of one of the nation’s largest taxpayer organizations today called Chicago’s plan to install more than 100 speed-trap cameras in the city “discriminatory, racist and unconscionable.”
“The greed of Chicago politicians knows no bounds,” said Jim Tobin, President of Taxpayers United of America (TUA). “Chicago and the city’s government-employee pension funds are in dire financial condition, but rather than standing up to the unions and cutting spending and forcing pension-reform, Mayor Emanuel and his rubber-stamp city council once more will stick it to Chicagoans and motorists unfortunate enough to be passing through Chicago.”
“These speed-trap cameras have nothing to do with safety. They will provide a windfall of many millions of dollars for city coffers, which will be used to prop-up the finances of the city and its government-employee pension funds.”
“To be blunt, the speed-trap camera program is racist and discriminatory, impacting minorities and the poor who will struggle to find $100 for going 11 miles per hour over the speed limit.”
“How much of a penalty will be assessed for non-payment of the fine? These fines are often twice the amount of the ticket or more. There are government laws to protect us from private businesses gouging us, but who protects us from the government gouging us?”
“I strongly urge the Chicago City Council to say to Mayor Emanuel, ‘Enough is enough!’ and review and reconsider this entire program.”
TUA testified against the speed-trap cameras at the City Council hearings held on April 11, 2012.
 

Tax Accountability Pres. Endorses Canceling Gov. Debt to Itself

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CHICAGO—The President of Tax Accountability, economist, former Federal Reserve Bank examiner, and legendary tax fighter Jim Tobin, today endorsed the plan by U.S. Rep. Alan Grayson (D-9, Florida) that Federal Reserve Chairman Ben Bernanke use his powers to end the debt limit crisis.
Grayson, quoted in Business Insider, Oct. 11, 2013, states that “…this idea was put forward not by me…but by Republican Rep. Ron Paul.”
“The solution advocated by Paul and Grayson is brilliant and elegant,” said Tobin. “Bernanke should simply cancel the Treasury debt that it owns. The government can just forgive the government’s debt.”
The Federal Reserve doesn’t own all of the U.S. government debt, but it does own roughly $2 trillion of it. Canceling this portion of the debt would, in Grayson’s words, “give the government substantial room under the debt ceiling standoff in Congress, and it would prevent a default.”
“Grayson is absolutely correct when he says the debt held on the balance sheet can be canceled without any significant consequence,” said Tobin. “It is a bookkeeping artifact corresponding to the money supply. In essence, the government owes this money to itself. This is not a debt problem; it is an accounting problem.”
Grayson, a Democrat, and Ron Paul, a Republican and former U.S. Rep. from Texas, are among the strongest critics of an out-of-control Federal Reserve.
Paul has campaigned to dissolve the Fed for 35 years, and wrote an entire book called “End the Fed.” Grayson has repeatedly slammed the Fed. Paul and Grayson also co-sponsored a bill to audit the Federal Reserve.
“Rep. Grayson has written to Chairman Bernanke asking that he cancel the debt held on the Fed’s balance sheet. If Bernanke were to do this, his legacy would be his being considered the greatest Federal Reserve Chairman in U.S. history.”

Tax Accountability is the political action arm of Taxpayers United of America.

Illinois' Corporate Income Tax is 9.5% – Fourth Highest in US!

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The Illinois state corporate income tax is not 7% as some politicians, columnists and organizations have erroneously stated, but is actually 9.5%, according to the president of one of the nation’s largest taxpayer groups.
“The total Illinois corporate state income tax rate of 9.5% includes a base rate of 7% and another 2.5% on top of that, which was added by constitution amendment in 1980,” said Jim Tobin, President of Taxpayers United of America. “The additional tax was called a ‘personal property replacement tax,’ which purportedly replaced a 19th-century tax that was not even being collected.”
The Ill. Dept. of Revenue’s own website states: “For tax years beginning on or after January 1, 2011, corporations pay 7.0 % income tax and 2.5% replacement tax.”
“Two years ago the Democrat-controlled state legislature pushed through a huge, back-breaking 67% increase in the state personal income tax, as well as hiking the state corporate income tax. Every dollar from these gigantic tax increases is being pumped into the terminally-ill state government employee pensions funds, and these funds, which fund lavish gold-plated pension plans, are still going under.”
According to the non-partisan Tax Foundation in Washington, D.C., “The Illinois corporate state income tax rate, recently raised from 7.3% to 9.5%, rose from being the 21st highest overall corporate tax rate in the country to 4th highest. Almost all nearby states have lower state corporate state income tax rates, putting Illinois in a very unfavorable position competitively.”
“Now Springfield Democrats are pushing for a state graduated income tax with a top tier of as much as 11%. Illinois, which is struggling to survive economically, undoubtedly would become an economic wasteland if the state’s most productive individuals and corporations flee to states with lower tax rates.”

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Taxpayers United Of America: (TUA). is a nonpartisan, 501(c)(4) taxpayer advocacy group. Founded June 27, 1976 in Chicago, Illinois by activist and economist Jim Tobin, TUA works on behalf of taxpayers to reduce local, state, and federal taxes. In the past forty years, TUA has saved taxpayers more than $200 billion n taxes and has become one of the largest taxpayer organizations in America. Check All posts. s.

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