Bloomberg Discovers Chicago Has a Budget After Decades of Corporate Tax Breaks
Chicago Mayor Brandon Johnson is eyeing a '$21 monthly employee tax' on large corporations. Bloomberg, ever the vigilant protector of capital, dusts off the 'job killer' label for a levy that would help close a $1.19 billion deficit. It seems some jobs are more precious than others—specifically, the ones funded by corporate profits, not public services. Funny how a city can magically find billions
for tax breaks and incentives for massive corporations over the years, yet suddenly discovers a 'deficit' when it's time for those same corporations to chip in. The historical context Bloomberg conveniently omits? For decades, neoliberal policies gutted public services while showering companies with corporate welfare. Now, a mayor tries to gently nudge the scales, and it's suddenly a bold, radical
move instead of basic fiscal responsibility. One might wonder who truly kills jobs: a $21-per-employee tax, or the endless cuts to schools, infrastructure, and social programs that inevitably follow an underfunded city budget?