Budget + Tax

Talking Points on the Impacts of Tax Hike

Talking Points on the Impacts of Tax Hike

The economy is bad and the state’s fiscal situation is worse. Lawmakers wouldn’t have raised taxes unless they needed to, right? Wrong.

Tax Hike Reaction

Tax Hike Reaction

On the same day the General Assembly abolished the death penalty, lawmakers also implemented the death penalty on Illinois’s economy and taxpayers by passing a 67 percent income tax hike in the face of overwhelming public opposition.

Institute on Fox Chicago: Firefighter Funeral for Edward Stringer Puts Pensions in Spotlight

Institute on Fox Chicago: Firefighter Funeral for Edward Stringer Puts Pensions in Spotlight

At Tuesday’s funeral for fallen Chicago Firefighter Edward Stringer, mourners heard from a number of people who praised his work on behalf of the city, but it was some of the words from the fire department’s chaplain that had people talking afterward. Father Thomas Mulcrone made specific mention of the debate over the rising cost...

66% Tax Increase Faced by Illinois Families

66% Tax Increase Faced by Illinois Families

The projections for a 66 increase to the income tax – a hike from 3 to 5 percent – with the standard $2,000 per person deduction.

Impact of a 75% Hike: Diminishing Discretionary Income

Impact of a 75% Hike: Diminishing Discretionary Income

$500. $720. $1,000. These may seem like small sums compared to your total salary, but the amount a Quinn/Cullerton/Madigan tax hike will carve into your discretionary income is painfully revealing.

Will You Veto Anything Over 1%

Will You Veto Anything Over 1%

During the campaign Governor Quinn suggested that he would veto tax hike over 1%, now what?

75% TAX HIKE

75% TAX HIKE

Reports indicate Democratic leaders have agreed on a plan to hike the state income tax by a whopping 75 percent. Or maybe even 83 percent.

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