Hey, What Do You Know? Unemployment Went Up in Illinois After Tax Hikes

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Look no farther than Illinois for an illustration of what President Obama’s proposed tax increased will do to the economy. Illinois raised the corporate income tax rate by 46%, and the personal income tax rate by 67%. Guess what happened after that? Unemployment went up. What a surprise.

Remember this when the presidential debate heats up and one side says we need to increase taxes on certain people, while not cutting spending.

H/T to Marathon Pundit