Budget + Tax

Know Your Income, Then Budget: The People of Illinois Deserve a Balanced State Budget They Can Afford

Know Your Income, Then Budget: The People of Illinois Deserve a Balanced State Budget They Can Afford

An honest budgeting process requires some idea of long-term revenue expectations. In the aftermath of record tax hikes passed earlier this year, one has to ask: will state lawmakers respect the sacrifices taxpayers are making and budget responsibly? Three separate state entities—the Governor’s Office of Management and Budget, Office of the Comptroller and the legislative...

By Collin Hitt

Cutting the Home Budget to Pay for Higher Taxes

Cutting the Home Budget to Pay for Higher Taxes

The tax increases signed into law this month by Illinois Gov. Pat Quinn will cost most Illinois households $1,000 – equivalent to one or more weeks’ pay. How many families can afford to miss a paycheck? According to the U.S. Census Bureau, the average family living in the Midwest earns just under $60,000 annually and consists...

By Collin Hitt

State Sovereignty. National Union.

State Sovereignty. National Union.

If Illinois fails financially, it will not do so in unison with the rest of the country. Will voters from Texas, Florida and the rest of the states send their tax dollars to help? Perhaps the success of "The Mount Vernon Statement" suggests not.

State Sovereignty. National Union.

State Sovereignty. National Union.

If Illinois fails financially, it will not do so in unison with the rest of the country. Will voters from Texas, Florida and the other 45 states send their tax dollars to help? Perhaps the success of "The Mount Vernon Statement" suggests not.

Households Are Saving Money, Why Can’’t Government?

Households Are Saving Money, Why Can’’t Government?

During the recession, American households have reduced their spending, paid down their debt, and increased their savings. Sadly, Government has not followed their example.

Institute on WTAX Springfield: Quinn Cuts Not Enough

Institute on WTAX Springfield: Quinn Cuts Not Enough

The Illinois Policy Institute's Collin Hitt talked with WTAX morning host Bob Murray about why Gov. Quinn's budget is unsustainable and wrong for Illinois.

A Real Path to a Brighter Tomorrow

A Real Path to a Brighter Tomorrow

The Governor's budget recklessly ignores the biggest problem Illinois faces: Out of control spending.