Cutting the Home Budget to Pay for Higher Taxes
Cutting the Home Budget to Pay for Higher Taxes
Cost of tax hike equivalent to average Illinois paycheck gone.
10 Reasons to Repeal the 67 Percent Tax Hike
10 Reasons to Repeal the 67 Percent Tax Hike
Family budgets are on the line. The average Illinois household faces an increase of nearly $1,500 in its state income tax bill. A head cook and an office worker with two kids, earning a combined $80,000, will pay an additional $1,527 in state income taxes thanks to the tax hike – on top of the $2,160...
66% Tax Increase Faced by Illinois Families
66% Tax Increase Faced by Illinois Families
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...
Mixed Messages: How Governor Quinn’s Tax Hikes Will Erase President Obama’s Tax Cuts
Mixed Messages: How Governor Quinn’s Tax Hikes Will Erase President Obama’s Tax Cuts
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 on First Business: John Tillman Discusses Pension Crises Across the U.S.
Institute on First Business: John Tillman Discusses Pension Crises Across the U.S.
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 Is Hiring!
Government Is Hiring!
Government entities make up ____ of the top ten employers in Chicago?
Institute in Northwest Herald: End Pensions for Legislators
Institute in Northwest Herald: End Pensions for Legislators
The Illinois Policy Institute is featured in a story on the elimination of pensions for Illinois legislators.
Leaders Hope Illinois Income Tax Will Send Residents to Indiana
Leaders Hope Illinois Income Tax Will Send Residents to Indiana
Illinois Policy Institute study cited in an article on migration of Illinois residents to Indiana.
Institute in Real Clear Politics: The Worst is Yet to Come in Illinois
Institute in Real Clear Politics: The Worst is Yet to Come in Illinois
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.
The Reality of the Debt Ceiling
The Reality of the Debt Ceiling
Senator Toomey discusses the consequences of raising the debt ceiling.
Why Repealing the Tax Hikes Is Important
Why Repealing the Tax Hikes Is Important
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.
Institute on FOX Chicago: Repeal the Tax Hike
Institute on FOX Chicago: Repeal the Tax Hike
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.
Propose $2.5 Trillion in Spending Cuts, Check
Propose $2.5 Trillion in Spending Cuts, Check
Rep. Jim Jordan proposes federal budget cuts which will save $2.5 Trillion over ten years
10 Reasons to Repeal the 67 Percent Tax Hike
10 Reasons to Repeal the 67 Percent Tax Hike
The average Illinois household faces an increase of nearly $1,500 in its state income tax bill.