The Taxpayer Bargain finally shifts the budget conversation in favor of taxpayers over politicians, with a plan that balances the state budget without tax hikes.
State and local costs for workers’ compensation are out of line with what other states pay.
Under a 2015 agreement between the Department of Commerce and Economic Opportunity and The Advisory Board Co., the state gave a tax credit worth millions of dollars in exchange for 55 jobs.
With bipartisan support, members of the Illinois House adopted a resolution opposing the internet streaming tax proposal – which might not even be legal — in the Senate’s “grand bargain.”
House Bill 3393 would impose a 20 percent surcharge on fees earned by investment managers.
Illinois’ revenues are falling each month of this fiscal year, and it will be difficult to change course.
Illinois has racked up $14 billion in unpaid bills.
Despite a fight from the union, the Illinois Department of Corrections is replacing 124 unionized nurses with private subcontractors, which could save taxpayers millions each year.
If voters approve proposals to raise St. Clair County sales taxes by a combined 2 percent, people in some parts of St. Clair County would face total sales taxes of over 11 percent.
Bailout bills moving in the Illinois General Assembly would attempt to turn Illinois’ massive debt problems into guaranteed profits for banks and bondholders and a lower standard of living for other Illinoisans.
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.
Illinois lawmakers should heed Moody’s Investors Service’s warnings about the state’s precarious economic health and dire fiscal situation and enact major structural spending reforms to balance the budget.
A multibillion-dollar business based in Missouri — Stifel, Nicolaus & Co. — is making a pretty penny helping to hike local sales taxes across Illinois.
Legislation with bipartisan support in the House would oppose the internet streaming tax proposal – which might not even be legal – in the Senate’s “grand bargain.”