Three wise men: Which three of these candidates for county board president know that reducing excessive tax rates increases tax revenue?
“I’m tired of being treated like an ATM by machine politicians,” Republican John Garrido said during the 75-minute forum at the Hotel Indigo on Northwest Highway.
He — along with Democrat Terry O’Brien, president of the Metropolitan Water Reclamation District, and the Green Party’s Tom Tresser — said during the political forum they’d immediately repeal the remaining half-cent sales tax hike passed in 2008.
“We need to stop taxing our way out of our problems, bottom line,” O’Brien said.
Other Democrats in the race — Cook County Circuit Court Clerk Dorothy Brown and Chicago Ald. Toni Preckwinkle (4th) — have vowed to roll the sales tax back after some belt-tightening. [Italics added]
Sorry. Time’s up. Garrido, O’Brien, and Tresser. Call them Friends of the Laffer Curve, which applies the law of diminishing returns to taxation.
Blithe Spirit 