September 18, 2007 - One Cook County commissioner wants to increase the county's portion of the sales tax, and if approved, the sales tax in Cook County would go up to 11 percent. That tax increase would also apply to restaurant and hotel bills.
Cook County Commissioner Joan Patricia Murphy said the additional tax revenue would be used to avoid another crisis when it is time to come up with next year's budget. ...The proposal asks for increases in service and sales taxes. To retailers in Chicago, that means a sales tax would go from nine percent to 11 percent. Some are concerned that an even greater tax will send tourists and shoppers elsewhere.
"We have retailers and restaurants all over the country trying to take market share away from North Michigan Avenue," said John Maxson, Greater North Michigan Avenue Association. "Frankly, this is the kind of thing that really is detrimental to the city as a whole."
God only asks for 10%. An 11% sales tax is going to hurt business, and all those conventions they count on may choose to go somewhere else. Chicago has a history of making bad decisions when it comes to retail businesses.
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