Thousands of shiny vintage vehicles, nearly 80,000 spectators, stages with live music and scores of commercial vendors catering to classic car dealers, collectors and spectators line the streets of Springfield’s historic center. In all, the new system is projected to bring $3.57 billion in additional revenue to the state.

Recouping those losses for the public good will require reversing this dynamic by vastly increasing tax rates on the moneyed class. "[Lincoln] knew his audience would understand his meaning," explained Bennett. Pritzker, heir to the Hyatt hotel fortune, has donated over $56 million to see the Fair Tax enacted, eclipsing the contribution of Griffin in a rich-guy-spending arms race. Just try imagining a tech entrepreneur getting rich off of an internet company without tapping into the US government-financed power grid (or the government-financed internet itself, for that matter). It’s not just Illinois. While rich people are more likely to sit on their money, working people spend a much higher proportion of theirs. On May 4, 1865, Abraham Lincoln is laid to rest in his hometown of Springfield, Illinois.

As historian Steven R. Weisman writes in The Great Tax Wars: Lincoln to Wilson — The Fierce Battles over Money and Power That Transformed the Nation, these taxes “established what until then was considered a revolutionary principle: the idea of taxing rich people at a higher rate compared to the rate for people less well off. But, as per usual, the rich are working overtime to tip the democratic scales in order to protect their wealth and power. or redistributed.

On November 3, Illinois voters will be able to affirm this principle — to tax the hell out of the rich.

States: Illinois; Favorite. And just like Lincoln’s archetypal 1861 income tax, the higher rates would similarly only apply to the richest 3 percent of all households. Illinois’s flat tax currently prohibits the latter. The good news is that taxing the rich is popular — and increasingly so. And labor unions in the state including the Service Employees International Union (SEIU), American Federation of State, County and Municipal Employees (AFSCME), and the Illinois AFL-CIO have also thrown their support behind the measure. On June 16, 1858, more than 160 years ago, a little-known politician delivered a speech at the Illinois State Capitol in Springfield after he accepted his party's nomination for U.S. senator. At the time, Confederate forces from the South were making gains while Northern armies ran out of supplies, dulling the North’s advantage in wealth and industry. Gov. This car festival and show pays homage to the cars that drive (or once drove) the world-famous road that runs through town. The state can follow the example of Abraham Lincoln and finally establish a progressive state income tax. As such, that wealth should be taxed in a way that benefits the whole of society.

In other words, all wealth is socially created. There are plenty of shops, restaurants and bars to enjoy, as well as several hotels to choose from.

As a recent Chicago Sun-Times editorial points out, “avoiding a three percentage point increase in income taxes is an excellent return on a $20 million investment.”. As a result, the state has been stuck with a constitutionally mandated regressive tax structure for half a century, limiting the policy options of lawmakers and stymieing efforts to raise revenue for public projects and services. The Union was in the midst of a financial emergency that threatened to derail the abolition of slavery. Find out more about how we use, Black Canyon of the Gunnison National Park, Great Sand Dunes National Park and Preserve, San Juan Islands National Wildlife Refuge, 4 Seasons of Adventure in Yosemite National Park, California, 5 Places to Experience Native American Culture, Abraham Lincoln Presidential Library and Museum, Illinois’ Land of Lincoln: Abraham Lincoln Sites and Route 66 Nostalgia, Springfield, Illinois: Big Flavors in a Small Town, Springfield: Land of Lincoln, Diners and Route 66, Route 66 Nostalgia in Illinois’ Land of Lincoln, Spotlight: The Underground Railroad on the Shawnee National Forest, Foodie Favorites along Illinois’ Great River Road, Route 66 in Illinois: Retro Dining on the Mother Road, Combining Culture and Fun on Route 66 in DuPage County, World Heritage Sites in the United States, The Great Outdoors and Cultural Adventures in Alton, Illinois, Exploring Culture & Nature on Chicago’s North Shore, The Great River Road in Illinois: Off-the-Beaten-Path Americana, Add These USA Stops to Your Instagram Wish List, Chicago’s History, Architecture and Culture with Andrew Davis, Chicago, Illinois: Must-See Attractions in the City, Explore Old and New Classics Along Illinois’ Ale Trail, Free Travel Guide: The Official Visit The USA Guide, Create a custom itinerary with the USA Trip Planner. Start by taking a free tour of Lincoln's home, led by knowledgeable park rangers. Subscribe to Jacobin today, get four beautiful editions a year, and help us build a real, socialist alternative to billionaire media. In Illinois, Gov. Over the past year, Gov. Watch the 1860 presidential election as if it were happening today. Mutual Fund and ETF data provided by Refinitiv Lipper. ©2020 FOX News Network, LLC. Miles Kampf-Lassin is the web editor of In These Times. As a result, Illinois’s current tax structure is regressive, hitting working-class residents harder than those in higher income brackets.

A functioning society depends on a strong public sector, where everything from highways, logistics, education, and transportation to research and development for medical care and technology are adequately provided for. Nothing is more classically American than this. The owner, Rose, is delightful, and you can get their famous chili just the way you like it: mild, medium or super-hot, and with or without meat.

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