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Land of Lincoln & Illini Joined February 2017

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4 hours ago

@ClayTravis @timburchett Blackberries are great, but black raspberries are even better!

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Chicago Tribune Sports @ChicagoSports

a day ago

Chicago Fire stadium site should get $425 million subsidy, Mayor Brandon Johnson proposes chicagotribune.com/2026/06/17/chi…

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Illinois Gov. JB Pritzker’s new transaction tax on digital assets is drawing national attention. Something I’ve not seen mentioned in any reporting on this: In 2023, Pritzker said he would veto any financial transaction tax in Chicago. At the time, Mayor Brandon Johnson was floating a new tax on every trade at the Chicago Board of Trade and the Chicago Board of Options Exchange. That required a change in state law. Businesses were threatening to leave the city and the governor stepped in to calm their fears. "We have a terrific financial industry in the state of Illinois," Pritzker told Bloomberg at the time. "We all understand that a financial transactions tax simply would encourage them all to … move their servers across the borders of the state to some other state." But the governor just signed into law a new transaction tax on digital assets. The first of its kind in any state. And as Pritzker predicted back in 2023, industry leaders now predict “a profound chilling effect on digital asset activity in Illinois.” It’s looking like a classic example of a loss leader in tax policy. Meaning if the tax stands, Illinois is set to lose far more tax revenue than it gains, as these highly mobile firms choose to build elsewhere. The $60M digital asset tax is a rounding error in the state’s $56B budget (0.1%), which lawmakers passed at 4 a.m.

CoinDesk @CoinDesk

2 days ago

NEW: Illinois Governor Pritzker has signed a 0.2% tax on crypto transactions into law including transfers between personal wallets, with the Crypto Council for Innovation calling it "the most punitive digital asset tax in the country."

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Paul Vallas @PaulVallas

a day ago

Governor JB Pritzker signed his $56B budget yesterday, bringing the number of tax and fee increases in his two terms to 63. In his two terms, his tax increases have taken a cumulative $77 billion more from taxpayers, and this does not include an additional $8.5B a year higher property taxes since 2019. Illinois residents now pay the highest state and local taxes and fees in the entire nation. Pritzker’s tax policies have throttled Illinois economy, which has produced less than 10K private sector job growth since Pritzker became governor.

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Sean Fitzgerald (Actual Justice Warrior) @IamSean90

a day ago

This legally is no different from taxing you for transferring money from your checking to your savings account & remember it always starts as a small tax on a niche thing that not many people own

CoinDesk @CoinDesk

2 days ago

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Arrowheading @Arrowheading

a day ago

@Anne_Connelly Pritzker & his minions are desperate, greedy fools

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a day ago

@AutismCapital Pritzker's a real hypocrite. He removed toilets from a house to save taxes for himself, but then he raises every existing tax, creates new taxes, and limits the loss carryovers businesses can deduct. Thanks a lot JB!

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a day ago

@AutismCapital Illinois is run by desperate fools, led by JB Pritzker

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a day ago

@redacted_j Illinois is run by fools

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American Cincinnatus @OregonBlueDog

2 days ago

Good Evening from a simpler life. Artwork by Tim Cox

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a day ago

@Suntimes JB Pritzker, worst governor in IL history

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Arrowheading @Arrowheading

a day ago

@NextRoundLive Put Notre Dame in the MAC. Otherwise looks good :)

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a day ago

@ChiefCub Setting the standard, attaway boys

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NBA Cobwebs @NBACobwebs

2 days ago

June 16, 1996: Chicago's Dennis Rodman ignites the crowd with this uninterrupted series of 3rd quarter plays in Game 6 of the NBA Finals. Rodman had 19 REB/5 AST/3 STL and Michael Jordan had 22 PTS/9 REB/7 AST in the Bulls' 87-75 win over Seattle that clinched the Championship.