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Rahm’s Plan: Tax Cut or ‘Largest’ Hike in History?

Rahm Emanuel and his leading opponent are airing less-than-truthful TV ads about taxes in the closing days of Chicago's Feb. 22 mayoral election.
In dueling ads, Emanuel and fellow Democrat Gery Chico spar over sales taxes. Emanuel says his plan will "lower taxes," and leave "more money in your pocket." But it will not lower taxes. The plan will lower the sales tax rate, but broaden the tax base to include as-yet undefined "luxury services."