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.
Cost of tax hike equivalent to average Illinois paycheck gone.
After hearing of the Local Transparency Project and the 10-Point Transparency Checklist, Sen. Dan Duffy contacted the Illinois Policy Institute to address the issue with legislation at state level.
The Institute's Snow Squad canvassed the city to see how well Chicago responded to the Blizzard of 2011 and gave the city a B.
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...
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.
by Collin Hitt Illinois lawmakers are considering raising the state income tax. Different plans have emerged, but each would damage Illinoiss economic recovery. The plan that has been discussed the longest is one that would raise Illinoiss individual income tax from three to four percent, a 33 percent increase. More recent tax plans have emerged that...
Tune into WLS 890AM Tuesday morning, 9:35 a.m. to hear Illinois Policy Institute CEO John Tillman address ways to balance the state budget without a tax increase.
The Board of Directors of Illinois Policy Institute has elected three new board members and named Andy McKenna Chairman of the Board.
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.
Earlier today in Florida, U.S. District Judge Roger Vinson ruled that the ObamaCare's individual mandate is unconstitutional and not severable from the legislation.
The Institute has filed a FOIA request seeking any e-mail sent or received by Cook County President Toni Preckwinkle's concerning the trouble-plagued Adult Probation Department.
Judge Vinson also found that the individual mandate is not severable from the federal health care legislation and declared the entire act void.