Blagojevich's new tax pyramiding scheme

Guv's big new biz tax blitz
Crain's Chicago Business

Big biz, small biz: Blago may have tax for you (Quad Cities Online - subscription required)
Kim Maisch, Illinois director of the National Federation of Independent Businesses said, "The concept of a gross-receipts tax is really anti-free enterprise."

I think that our governor should look to see how this is working out in New Mexico before causing a pyramiding taxation disaster for Illinois busisnesses just to further fund his outlandish spending habits. A Gross Receipts Tax is regressive and unfair to citizens and businesses located in our state and to consumers everywhere.

New Mexico's Gross Receipts Tax:
What Not to Do in State Taxation

Warning to other states...
"In their new study, “New Mexico’s Harmful Gross Receipts Tax: A Warning to Other States,” Dr. Harry Messenheimer and Paul Gessing expose the ways in which services are often taxed multiple times for a single transaction. The authors also explain why gross receipts taxes like New Mexico’s are a boon to special interests, but killers for economic growth..." click here for more from FreeLiberal.com about this study...

The study can be found online here in pdf.