From today’s Sun-Times:
Finance Committee Chairman Edward M. Burke (14th) said Daley would have had the votes to raise property taxes, even after the furor caused by skyrocketing assessments. “There is this perception that the property tax is the most unfair. But I’m telling you that, because you can write it off on your federal income tax return, it’s really one of the most painless ways of generating revenues.”
And whoever said the sales tax was fair? Besides, as we’ve noted before, the “skyrocketing assessments” mean nothing in the end; they’re more than balanced out by falling tax rates. Please, raise my property taxes! The property tax is a more equitable, more reasonable, more stable, and more durable method of taxing than the sales tax.