Budget + Tax

Statement from the CEO on Gov. Quinn’s Additional Borrowing Plan

Statement from the CEO on Gov. Quinn’s Additional Borrowing Plan

The Illinois Policy Institute opposes the $8.75 billion additional borrowing plan and recommends a three year spending freeze at $27 billion with all revenues over that level being allocated to paying down the past due debt owed to the state’s vendors

10 Years until Your Share of the Nation’s Debt Doubles

10 Years until Your Share of the Nation’s Debt Doubles

A painstakingly accurate chart from the Mercatus Center's Veronique de Rugy illustrates what current policies will do to our share of the nation's debt. Take your portion today, and double it.

Your Taxes at Work: Sending CPS Teachers to Las Vegas

Your Taxes at Work: Sending CPS Teachers to Las Vegas

Despite the $700 million budget deficit Chicago Public Schools is facing, fourteen Chicago public school teachers went on an all-expense paid trip to a Las Vegas resort and spa for a conference last year.

Illinois Government Ready to Spend More

Illinois Government Ready to Spend More

Illinois lawmakers are proposing legislation that would create new state agencies and give out tax credits to certain groups.

Off with the Red Tape

Off with the Red Tape

Excess red tape hurts business. Where superfluous laws and regulations prevail, businesses and individuals lose out.

10 Reasons to Repeal the 67 Percent Tax Hike

10 Reasons to Repeal the 67 Percent Tax Hike

Family budgets are on the line. The average Illinois household faces an increase of nearly $1,500 in its state income tax bill. A head cook and an office worker with two kids, earning a combined $80,000, will pay an additional $1,527 in state income taxes thanks to the tax hike – on top of the $2,160...

By Chris Andriesen

66% Tax Increase Faced by Illinois Families

66% Tax Increase Faced by Illinois Families

The projections below are based on a 66% increase to the income tax – a hike from 3 to 5 percent – with the standard $2,000 per person deduction.  For more information and research on this proposed tax increase see What Governor Quinn’s Income Tax Hike Means to You. How did we calculate the figures? We...

By Chris Andriesen