As the state faces its most pressing budget crisis ever, it is time to rethink how much of its income-tax revenue it can afford to pass back to local governments.
The new federal spending bill, dubbed the “CRomnibus,” codifies that the ACA payments to insurers are budget-neutral, as the revenue to fund them will come from fees already assessed on health-insurance plans. This is not the blank check that insurers were hoping for.
The governor-elect has shown wisdom in his first steps to address budget challenges. Illinoisans should hope the trend continues once Rauner takes office.
The average American pays $6,000 in subsidies to corporations every year, but that gigantic chunk of taxpayer change simply is not enough for some special interests.