Record number of taxpayers pay no income tax
Record number of taxpayers pay no income tax
A growing percentage of taxpayers owe nothing in income taxes after accounting for credits and deductions.
Progressive income tax: Effective tax rate higher for top earners
Progressive income tax: Effective tax rate higher for top earners
After tax credits and deductions are taken into account, the effective tax rate for top earners is more than twice the national average further proof that the tax burden is most definitely progressive.
Will teachers at UNO at least get a secret-ballot vote?
Will teachers at UNO at least get a secret-ballot vote?
Under the agreement, union organizers would be allowed to make their pitch for unionizing to teachers on school property, and would even be given personal information for teachers.
Capitol Updates: April 15 week in review
Capitol Updates: April 15 week in review
The progressive tax, medical marijuana and multidistrict virtual charter schools
Alcohol can’t escape Illinois tax grab
Alcohol can’t escape Illinois tax grab
Illinois current state excise taxes per gallon of beer ($0.23), wine ($1.39) and spirits ($8.55) are higher than most neighboring states.
Illinois unemployment stalls at 9.5 percent
Illinois unemployment stalls at 9.5 percent
The Illinois Department of Employment Security announced today that the Illinois unemployment rate remained at 9.5 percent in March. Three months ago it was 8.6 percent.
Illinois’ pension liability more than doubles under Moody’s new accounting rules
Illinois’ pension liability more than doubles under Moody’s new accounting rules
Moodys is set to require states and local governments to use more transparent and realistic accounting rules when they report their true pension obligations. And that means Illinois debt and underfunding numbers will skyrocket.
Chicago hospital hit with shocking Medicare and Medicaid fraud charges
Chicago hospital hit with shocking Medicare and Medicaid fraud charges
Federal authorities have raided Sacred Heart Hospital on Chicagos West Side after alleged crimes of medically unnecessary sedation, intubation and tracheotomy procedures on patients in an attempt to defraud Medicare and Medicaid.
Quinn OKs more than $12 billion in new infrastructure spending
Quinn OKs more than $12 billion in new infrastructure spending
Illinois Gov. Pat Quinn announced a proposal on Wednesday to spend $12.62 billion over the next six years on transportation projects.
Gov. Perry to Illinois businesses: Get out while theres still time
Gov. Perry to Illinois businesses: Get out while theres still time
Texas Gov. Rick Perry wrote a letter to businesses in Illinois, offering them a way to escape the states dire fiscal mess and punishing business climate move to Texas.
Springfield City Council votes to hike sales tax
Springfield City Council votes to hike sales tax
After several hours of debate, the city council voted 6-3 to raise the sales tax from 8 percent to 8.5 percent to repay an $86.6 million, 15-year bond issue to finance the three-year infrastructure program.
Chicago Digital Learning Symposium
Chicago Digital Learning Symposium
Illinois Policy Institute, in partnership with the Union League Club of Chicago and its Public Affairs Committee, is hosting the Digital Learning Symposium in Chicago.
Union attempts to take over charter schools
Union attempts to take over charter schools
If you can't beat them, join them.
Illinois’ income tax turns 44
Illinois’ income tax turns 44
Forty-four years ago this week, Illinois began collecting a state income tax.