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Author Topic: so long 10th casino money?  (Read 3663 times)
CLOCKERTERRY
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« on: November 17, 2008, 01:39:16 PM »


Well, as predicted by someone, just as soon as it starts looking like that 10th casino money for racing might become a reality, the legislators are talking about taking it away for "better purposes".

http://www.suntimes.com/news/watchdogs/1282921,CST-NWS-watchdog17.article

 
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orioles
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« Reply #1 on: November 17, 2008, 01:58:43 PM »

Money for schools, Higher property taxes , lottery, sales tax,wasn't that all earmarked for the schools. you want more money for the state, legalize sports betting. Everyone I know is doing it illegally , think of that windfall.
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Earl Sande
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« Reply #2 on: November 17, 2008, 02:36:54 PM »

We'll never see a penny of the money thanks to our dysfunctional state government.
If Reverend Meeks thinks the state's schools need more money, he should see about having churches pay property taxes.
Also amazing how biased against racing the article was.
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Kenneth J. Chadwick
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« Reply #3 on: November 17, 2008, 02:48:09 PM »

Let's do some simple math.

I am pretty good at this stuff.

Horse Racing get $ 70,000,000. (that's million).

The state will have a deficit of $ 5,000,000,000 (that's billion) in March 2009.

Horse racing contributes to this alleged deficit to the tune of 1.4%.  (7/500).

Now where does the other 98.6% come from? I like to say from my fat a__)?

It also solidifies my argument that Rosemont gets the last license.
See all the posturing going on.

That's how I see it.

Kenneth
 
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orioles
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« Reply #4 on: November 17, 2008, 02:49:27 PM »

 WHY is racing always made out to be the evil of all evils, Most of my friends work in the industry, we are all decent tax paying people.
« Last Edit: November 17, 2008, 02:52:26 PM by orioles » Report to moderator   Logged
CLOCKERTERRY
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« Reply #5 on: November 17, 2008, 03:00:59 PM »

Money for schools, Higher property taxes , lottery, sales tax,wasn't that all earmarked for the schools. you want more money for the state, legalize sports betting. Everyone I know is doing it illegally , think of that windfall.

Unfortunately, it's against Federal law for Illinois. Only Nevada, Montana, Wyoming (? or maybe Oregon), and Delaware, all grandfathered in when the anti sports betting law was passed back in the 60's.

Besides, the politicians don't want to take credit for "expanding gambling". It's like online horse wagering: They pretend it isn't happening because it's illegal, and if they don't pass a law legalizing it, it won't happen.  screwy
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CLOCKERTERRY
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« Reply #6 on: November 17, 2008, 03:02:09 PM »

WHY is racing always made out to be the evil of all evils, Most of my friends work in the industry, we are all decent tax paying people.

I don't think they're portraying racing as evil, but more that "racing" is only a few people, while "education" is many people.
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General Powell
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« Reply #7 on: November 17, 2008, 04:19:01 PM »

I'm still waiting for the 3%---It is well past the 35 days for release of the funds--- What, pray tell, is the hold up.  Thank God for the on going problems at Hollywood Park-- It is a God send for The Thorne---(3 cents per dollar on an extra million is 30K per day)
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CLOCKERTERRY
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« Reply #8 on: November 17, 2008, 04:26:53 PM »

I'm still waiting for the 3%---It is well past the 35 days for release of the funds--- What, pray tell, is the hold up.  Thank God for the on going problems at Hollywood Park-- It is a God send for The Thorne---(3 cents per dollar on an extra million is 30K per day)

One thought I had, and maybe the reason they're holding it up until March, is waiting out the 90 days the boats had to appeal to the U.S. Supreme Court. If they hand out the money to the horsemen, and the boats ultimately won their appeal, there would be no getting the money back from the horsemen. The State would be on the hook for the $76 million.   
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bjchapin1
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« Reply #9 on: November 17, 2008, 05:16:54 PM »

Frankly, its time to raise the state income tax rate in IL. I'm even a Republican and I'm saying this. I'd prefer everyone paying a bit more than watching Hot Rod et al sell off every asset the state owns, raid the teachers' pensions, and let horsemen starve. Consider that IL has a 3% flat tax....Among border states, Indiana has a 3.4% flat tax, Wisconsin has a progressive tax up to 6.75%, Iowa has progressive rates up to 8.98%, Missouri has progressive rates up to 6%, and Kentucky has progressive rates up to 6%. Of course its political suicide for anyone to mention this. Seems fair though if you consider geographics,
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Horse Voice
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« Reply #10 on: November 17, 2008, 05:30:37 PM »

Frankly, its time to raise the state income tax rate in IL.

Won't work -- too much "underground economy" in Illinois.

That's why our sales taxes are so high here -- the only time govt. can grab a slice from some folks is when they spend it...and sooner or later, everybody has to buy something.
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Moon
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« Reply #11 on: November 17, 2008, 05:33:02 PM »

Frankly, its time to raise the state income tax rate in IL. I'm even a Republican and I'm saying this. I'd prefer everyone paying a bit more than watching Hot Rod et al sell off every asset the state owns, raid the teachers' pensions, and let horsemen starve. Consider that IL has a 3% flat tax....Among border states, Indiana has a 3.4% flat tax, Wisconsin has a progressive tax up to 6.75%, Iowa has progressive rates up to 8.98%, Missouri has progressive rates up to 6%, and Kentucky has progressive rates up to 6%. Of course its political suicide for anyone to mention this. Seems fair though if you consider geographics,

Are you saying that INDIANA pays higher taxes than we do?? How will NIATROLL live down this shame??

NIATROLL - latest member of the CIRCLE OF SHAME!

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bjchapin1
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« Reply #12 on: November 17, 2008, 05:36:24 PM »

Won't work -- too much "underground economy" in Illinois.

That's why our sales taxes are so high here -- the only time govt. can grab a slice from some folks is when they spend it...and sooner or later, everybody has to buy something.

Sales taxes are only outrageously high in Cook County, and that's because the idiots like Stroger and the rest of the Democratic machine can do whatever they damn please thanks to certain groups who vote for them regardless of performance. Collar counties can just piggyback off of increases and yet still claim that their taxes are lower than Cook.
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Kenneth J. Chadwick
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« Reply #13 on: November 17, 2008, 07:00:43 PM »

How about a novel idea.

When a business is slow, they cut expenses.

Government,( maroon maroon maroon maroon maroon) they raise taxes.


Kenneth J. Chadwick   
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Earl Sande
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« Reply #14 on: November 17, 2008, 07:29:01 PM »

Frankly, its time to raise the state income tax rate in IL.

3% is high enough for a state income tax.
The clowns in state government waste half of what they get, so actually 1 1/2% would be plenty.
The state pays to build baseball diamonds, for billboards telling truckers to drive 55, and for police roadblocks. Give that money to racing instead.
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fnlfurlong
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« Reply #15 on: November 17, 2008, 07:56:19 PM »

Are you saying that INDIANA pays higher taxes than we do?? How will NIATROLL live down this shame??

NIATROLL - latest member of the CIRCLE OF SHAME!



This was a little uncalled for in this thread.
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bjchapin1
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« Reply #16 on: November 17, 2008, 08:03:17 PM »

You forgot prisons Earle, agriculture support, the state university system, and the natural resources that the state is supposed to be supporting but isn't. But hey, that's just for starters.

My argument in a roundabout way is that increasing the state income tax would lessen the gridlock that we have in the state budget which is requiring Springfield to ignore the state parks, sell the lottery, and steal money out of gov't pensions. Also, tuition at the U of I is now at 16k a year (from 4k 8 years ago). But with all this talk of goverment needed the casino money for more 'important' causes than racing, wouldn't a revenue increase at least help racing's cause? But yes, you're right, they probably would waste most of it, and the rest would end up in Hot Rod's wife' real estate business.
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Moon
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« Reply #17 on: November 17, 2008, 08:14:32 PM »

This was a little uncalled for in this thread.

Hahahaha! You haven't been paying attention. That was lame, compared to the vile output of NIATROLL.

maroon
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Moon
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« Reply #18 on: November 17, 2008, 08:18:48 PM »

How about a novel idea.

When a business is slow, they cut expenses.

Government,( maroon maroon maroon maroon maroon) they raise taxes.


Kenneth J. Chadwick  


The problem is that Bush lowered taxes in a BAD economy. Hence, massive deficits and a giant debt that somebody has to pay for. The worst of all worlds faces Obama. And if he turns it around, you clowns will STILL be saying "Hussein!!" and Terrorist!" and "Socialist!!".

/That's just the type of people you are.
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CLOCKERTERRY
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« Reply #19 on: November 17, 2008, 08:22:08 PM »

 hijack
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fnlfurlong
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« Reply #20 on: November 17, 2008, 08:29:35 PM »

hijack

That was the point I was trying to make in my post.
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big wally
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« Reply #21 on: November 17, 2008, 08:35:18 PM »

This can not be a real surprise. Has not West Virginia cut their share to racing. If the recession last late into 2009 and state revenue plummet look for other States to do the same.

It is good to see various Horsemen Groups and Track Owners be Consistent about Industry Jobs at 40,000. Last year they were throwing out numbers like 30,000, 40,000 and 50,000.
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medic_61353
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« Reply #22 on: November 17, 2008, 08:38:34 PM »

How about giving Chicago schools the casino money so they can invest in education needs like swimming lessons and proper use of paddle boats, and give the race tracks electronic gaming and slots.
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Moon
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« Reply #23 on: November 17, 2008, 08:42:09 PM »

How about just giving Chicago a casino already?

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Earl Sande
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« Reply #24 on: November 17, 2008, 09:03:58 PM »

You forgot prisons Earle, agriculture support, the state university system, and the natural resources that the state is supposed to be supporting but isn't. But hey, that's just for starters.

My argument in a roundabout way is that increasing the state income tax would lessen the gridlock that we have in the state budget which is requiring Springfield to ignore the state parks, sell the lottery, and steal money out of gov't pensions. Also, tuition at the U of I is now at 16k a year (from 4k 8 years ago). But with all this talk of goverment needed the casino money for more 'important' causes than racing, wouldn't a revenue increase at least help racing's cause? But yes, you're right, they probably would waste most of it, and the rest would end up in Hot Rod's wife' real estate business.

I didn't forget prisons, I'm fully aware of what a great suporter this state is of the law enforcement/court/prison industrial complex. I'll stick with my belief that we could get by with about half as much. Am also aware of how DNR, state parks and some other worthy things have been gutted.
Until a few months ago I had long supported the idea of a state income tax at 3% for income less than $75,000 per return, 4% from $75,000 to $150,000, 5% from $150G-$250G and 6% over $250G. But after watching Blago, Madigan, the holy Reverend Meeks and the rest of the jackoffs at work, I've just about become an anarchist!
Both racing and the entire state are in dire straights due to these incompetent fools. I don't see a positive outcome for either.
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