$888 Million is the proposed tax increase for Cook County in Illinois. This is not a Federal tax increase, it is not a State tax increase; it is the tax increase proposal for one County in Illinois.
Cook County Board President Todd Stroger wants to triple the sales tax and double the gas and parking taxes to pay for 1,130 new county jobs and cover rising costs.
The taxes are part of a $3.2 billion budget Stroger unveiled Wednesday, including a 2 percentage point hike in the sales tax that would bring Chicago to a combined rate of 11 percent—a proposal rejected by the County Board two weeks ago. Taken together, by 2009 the proposed tax increases would generate $888 million. Stroger's $888 million tax hikeslinks: digg this del.icio.us technorati reddit