Chicago’s bureaucratic maze of paperwork (the City has over 70 different business permits to apply for), along with a corrupt city inspector system, has brought the Windy City’s economy to a halt.
Mayor Michael Bloomberg says the program will operate at no cost to the taxpayers, but that claim is laughable considering the billions taxpayers pumped into the too-big-to-fail bank following the 2008 financial crisis.
The IRS currently does not have congressional approval to impose these rules, nor do they have the authority to grant themselves that power. That is why Chicago tax preparer Sabina Loving teamed up with the Institute for Justice to file suit against the IRS.
Get the Market Movements in Advance: William's Edge Webinar for Friday, March 14th, 2014 | John Ransom
Taxi Publication Threatens To Expose ‘Secretly Gay’ Aldermen If City Doesn’t Ban Ride-Sharing | Nick Sorrentino