If there was any confusion over whether the income tax burden is progressive or regressive in the United States, a recent report by the Tax Foundation, Putting a Face on Americans Tax Returns, clears things up.
Counties across Illinois reject school facility sales tax hikes.
Lawmakers have not earned the right to borrow billions more. They were unable to pay down the states massive backlog of bills with a $7 billion tax hike how does anyone think theyll be able to do it with $2.5 billion in borrowing?
For governments like the ones in Stockton and Illinois, government worker pension plans need ambitious investment returns of nearly 8 percent year in and year out to fund the overly generous benefits officials have handed out
The price of Illinois bad behavior continues to go up.
Illinois Policy Institute CEO John Tillman joined Tom Miller on WJPF Radio to discuss pension reform in Illinois.
Too bad Puerto Rico isnt a state. If it were, Puerto Rico, and not Illinois, would have the nations worst-funded pension system and the countrys worst credit rating.
The Illinois Education Association, or IEA, is training its members to advocate for a plan that, ironically, increases taxes on teachers.
To tax-hungry politicians, the Internet is like California in 1849 a vast expanse of untapped wealth.
With nearly 300,000 residents, Stockton is the largest city in the United States to declare bankruptcy. It is also one of several California cities to file for bankruptcy due to the recession and skyrocketing government worker pension costs.
The Chicago Tribune published the following letter to the editor from the Institute's senior budget and tax analyst, Ben VanMetre.
AFP-Illinois, the Illinois chapter of Americans for Prosperity, is gearing up for the April 9 consolidated local elections. The group recently launched a new website designed to inform Illinois residents of local referendums that could cause their taxes to go up and are urging people to fight local tax hikes. In a recent newsletter announcing the initiative for...
On March 11, 2013, the Securities and Exchange Commission charged Illinois with securities fraud. The SEC accused the state of misleading investors by understating the depth of the pension crisis. The most revealing statement from the SEC: “The statutory plan structurally underfunded the state’s pension obligations and backloaded the majority of pension contributions far into...
[updated 3.15.13] Illinois politicians are not honest about the depth of the state’s pension crisis. They chronically understate the scale of the problem to taxpayers and state workers. According to the federal Securities and Exchange Commission, the state has misled investors as well. Today the SEC announced it was charging Illinois with securities fraud. From a...