Many Illinois families are all too familiar with the many broken promises of the Affordable Care Act, or ACA, commonly referred to as ObamaCare. The president repeatedly promised that the average American family would save $2,500 per year. Not only did the president and administration later backtrack on that promise, but many families actually also...
Union members are allowed to deduct their union dues on their taxes, equating to an estimated $15 billion nationwide. According to the Internal Revenue Service, workers are allowed to deduct union dues as part of their itemized deductions: “You can deduct dues and initiation fees you pay for union membership… You can also deduct assessments for...
The 2015 fiscal year marks a long-awaited milestone for Illinoisans: taxpayers are less than one year away from tax relief. The record 2011 income tax increase is slated to partially sunset during the 2015 fiscal year. But politicians are already crying poor as Illinois approaches the tax-hike sunset. The solutions they’ve offered up involve making...
The 2015 fiscal year marks a long-awaited milestone for Illinoisans: taxpayers are less than one year away from tax relief. The record 2011 income tax increase is slated to partially sunset during the 2015 fiscal year. But politicians are already crying poor as Illinois approaches the tax-hike sunset. The solutions they’ve offered up involve making...
Mayor Rahm Emanuel’s pension reform scheme passed through the General Assembly this week and has been moved to Gov. Pat Quinn’s desk. This plan authorizes Chicago to raise $2.25 billion in additional property taxes over the next decade. Despite this massive tax hike, the city will raise only half its legally required pension payments. Hiking...
On April 9, the City of Countryside was presented the Illinois Policy Institute’s Sunshine Award during their monthly City Council meeting. Countryside earned this award by taking the initiative to be transparent to their residents – posting vital government information online for the public to access. Scoring 93.1 percent on the Institute’s 10-Point Transparency Checklist,...
A week ago, my colleague Josh Dwyer reported an exchange between state Reps. Linda Chapa LaVia and Ron Sandack. Sandack, R-Downers Grove, recently asked Chapa LaVia – when they were debating the bill in the House to end the state charter school commission – what the logic was behind crafting the bill. Chapa LaVia responded:...
This session, a bill was introduced to the Illinois General Assembly that would impose draconian regulations on Uber and Lyft’s ridesharing programs. This legislation was crafted by the cab unions with the intention of drastically increasing regulation so as to maintain monopoly control over the urban transportation market. In addition to stifling the free market,...
Illinois’ 10 largest metropolitan areas continue to be plagued with joblessness, according to a release by the Bureau of Labor Statistics. This news comes on the heels of no monthly improvement in the state jobless rate, which at 8.7 percent is 2 points higher than the national average. Illinois has the second highest jobless rate...
Gov. Pat Quinn is in a bind. He’s being asked to sign a Chicago pension bill that he knows has no real reforms and no way to pay for itself. By signing the bill, Quinn will give Mayor Rahm Emanuel his blessing to raise Chicago property taxes by $750 million over five years. But that’s...
On April 8, activists arrived unannounced at the Springfield office of the Illinois Policy Institute to protest our leadership in unmasking an unfair progressive tax grab. They left behind this letter. The following is our response. *** Dear Revs. Sharp, Coulter and Knox: Thank you for visiting our Springfield office earlier this week, and for...
The taxi lobby has been trying to get Chicago to destroy ridesharing services like UberX and Lyft, but it hasn’t worked because the services are just too popular in the city. So now the taxi industry has turned to Springfield for help crushing the competition, and it looks like state legislators might be about to...
The price of gas in the U.S. is going up, and Chicago is leading the charge. NBC Chicago reported that the average U.S. price of a gallon of gasoline has risen 5 cents in the past two weeks. And Chicagoans are paying $4.18 per gallon of gas on average. That’s the highest price per gallon...
A progressive income tax would hit Illinois’ businesses community hard. That’s because S corporations and most partnerships “pass-through” their income to the individual owners of those businesses, meaning their profits are taxed at the state’s personal income tax rate. That’s on top of the 1.5 percent replacement tax these businesses pay. State Sen. Don Harmon...