Budget + Tax

Cigarette taxes can’t fix Medicaid

Cigarette taxes can’t fix Medicaid

It looks like Gov. Quinn may be pinning his hopes of finding Medicaid savings by raising cigarette taxes. This isn’t the first time Gov. Quinn has floated his $1-per-pack tax hike on cigarettes. So I was glad to see that Sen. Dale Righter and Rep. Patti Bellock, members of the Medicaid reform working group, have voiced their opposition to...

By Jonathan Ingram

What are you paying for at the pump?

What are you paying for at the pump?

As Illinois motorists shell out more and more for the rising cost of gas, many people want to know: what am I paying for? In Illinois, especially in Chicago and Cook County, drivers may be surprised to find out that they’re paying significantly more in taxes on gas than drivers do in other states. At...

Comparison of Quinn’s Budget, House Budget and Budget Solutions 2013

Comparison of Quinn’s Budget, House Budget and Budget Solutions 2013

Today the Illinois House adopted a budget framework for fiscal year 2013. The framework had bipartisan sponsorship, but unfortunately adopts an overall spending target that is still far too high. What is good about the budget is that it acknowledges the overwhelming burden of the unsustainable Medicaid program and takes steps to slow the growth of the...

Chicago has second highest taxes on meals in restaurants

Chicago has second highest taxes on meals in restaurants

Ever notice that going out to eat seems more expensive in Chicago than other cities? One of the reasons is that on top of the very high sales tax in Chicago, there are additional taxes on meals in restaurants: 0.25 percent Chicago restaurant tax and 1.0 percent Metropolitan Pier and Exposition Authority (MPEA) food and...

Interactive dashboard: Taxes on meals

Interactive dashboard: Taxes on meals

Chicago has the second highest taxes on meals of the 50 largest U.S. cities. Check out the Institute's interactive dashboard on meal taxes to see how we stack up.

Illinoisans reject tax hikes when given the chance

Illinoisans reject tax hikes when given the chance

On Tuesday, voters across Illinois rejected local ballot initiatives to increase their taxes. When given the choice, voters in the majority of cases told government to tighten its belt instead of increasing their taxes. Here are a few highlights: Nombre generico zyloprim In Morgan and Washington counties, voters rejected 1 percent sales tax increases. In...

By Mark Cavers

Illinois to Congress: Don’t bail us out

Illinois to Congress: Don’t bail us out

President Obama and Congressional leaders will receive a letter from Illinois this week. Washington is urged to not bail Illinois, or any other state, out of debt. Last May, Senator Mark Kirk introduced a resolution in the U.S. Senate to put end federal bailouts of states. His reasons were simple and clear. The Federal government...

By Collin Hitt

Budget Solutions 2013: Innovation for Illinois

Budget Solutions 2013: Innovation for Illinois

This is the Illinois Policy Institute’s fourth annual alternative vision for Illinois. In this report, we’ve charted a path that significantly reduces the state’s backlog of bills without borrowing and without new taxes, while meeting its pension liabilities. In addition, the state returns billions of dollars to taxpayers by repealing the January 2011 tax hikes....

By Jonathan Ingram