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...
The Problem Illinois families should be wary of plans to hike taxes at the state level that would all but wipe out the benefits of the bipartisan tax compromise between President Barack Obama and Congressional Republicans. In federal legislation that extended the Bush-era tax cuts, and also included a payroll tax cut, a four-member family...
Institute CEO, John Tillman, on First Business discussing the pension funding shortfalls in Illinois and across the U.S., and answering the question of whether a federal bailout for Illinois is near.
Government entities make up ____ of the top ten employers in Chicago?
The Illinois Policy Institute is featured in a story on the elimination of pensions for Illinois legislators.
Illinois Policy Institute study cited in an article on migration of Illinois residents to Indiana.
The Illinois Policy Institute's call to repeal the 66 percent tax increase is featured in an article on state pensions and the tax hike.
Senator Toomey discusses the consequences of raising the debt ceiling.
In one of my first media appearances following the tax increases, I noted that the Institute would immediately begin to work on repealing them. Some have wondered if this makes any sense ... Here are some reasons why it does.
It's no surprise the majority of Illinois residents are outraged at the new increase in business and income taxes. Now there are calls for lawmakers to repeal it, and some lawmakers are on board.
Rep. Jim Jordan proposes federal budget cuts which will save $2.5 Trillion over ten years
The average Illinois household faces an increase of nearly $1,500 in its state income tax bill.
A look at the top quotes surrounding the controversial tax hike legislation.
Increases will have immediate, lasting detrimental effects on Illinoiss economy.