Budget + Tax

Time To Throw A TIF: Invisible, unaccountable taxes you’ve never heard of

Time To Throw A TIF: Invisible, unaccountable taxes you’ve never heard of

The Problem Bob and Rita Smith* are generous people. Every year, they give about $2,000 to wealthy, politically connected real estate developers doing business in their Wilson Yard neighborhood. Bob and Rita live frugally, work hard to save for retirement, and struggle to make ends meet each month—and yet, they keep on giving to the...

By Kate Campaigne Piercy

A Stimulating Idea: The Case For An Illinois Gas Tax Suspension

A Stimulating Idea: The Case For An Illinois Gas Tax Suspension

Critics say that the effect of suspending the Illinois Gas Tax will be minimal and would deprive state government of needed taxes to build highways and roads. They are wrong on both counts. Lowering the gas sales tax from 6.25% to 1.25% (HB6318) will make a material difference in the lives of Illinois residents in...