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Chicago Tribune: In high tax states such as Illinois, there’s plenty at stake in politically charged debate over cap on state and local tax deductions
As taxpayers face a May 17 tax filing deadline, Congress is negotiating the possible expansion or elimination of the $10,000 cap on state and local tax deductions — an issue of particular significance to residents of high tax states such as Illinois.
Removing the cap, part of President Donald Trump’s 2017 Tax Cuts and Jobs Act, is a politically fractious issue, even among Democrats, with some arguing it mainly favors the wealthy. President Joe Biden’s administration has delivered mixed signals on where it stands.
Eater Chicago: Illinois Gov. J.B. Pritzker Targets June 11 to Fully Reopen Restaurants and Bars
The Walnut Room, the restaurant inside Macy’s on State Street, is making pandemic changes. The historic restaurant, famed for its enormous Christmas tree and chicken pot pie, will mark the return of Chicago’s LGBTQ Pride celebrations in June by hosting the first drag brunch in its 114-year history.
It’s another sign of change as restaurants emerge from the pandemic, with elected officials lifting capacity restrictions. Award-winning local queen Lucy Stoole will host the brunch, slated for 11 a.m. and 2 p.m. on Saturday, June 12. She’ll feature performances from Ru Paul’s Drag Race contestant Kylie Sonique Love, lauded drag king Tenderoni, and Minneapolis-based chef and queen Sasha Cassadine.
State Journal-Register: Tax credit considered by state lawmakers to spur more construction of affordable housing
Even with Social Security, her late husband’s pension as a former Jacksonville police chief and her own pension, Wanda Irlam says she would have a hard time paying rent for most two-bedroom apartments.
“I think it would be very hard to find a place,” said Irlam, 84, a retired school food service worker who lives in the Jacksonville Affordable Housing development. “This is just a good place to live, and it’s very affordable and very safe.”
News-Gazette: Editorial: Illinois' unpaid bills have dropped, but its debt has not
Illinois gets so little good financial news that anything that looks positive should be welcomed with open arms.
The question, of course, is how long they should remain open — more on that later.
Rockford Register Star: Pritzker wrong to backtrack on independent maps
Politicians lie to get elected.
That’s hardly startling. And in a state like Illinois, with its long and sordid history of corruption, that observation is about as newsworthy as: “the pyramids are old and big.”