Chicago area up 241K jobs, rest of Illinois down 41K jobs from before recession

By Austin Berg
01/21/2020
Illinois’ uneven recovery reflects national trends, but also raises important questions about the state’s economic future ahead of a key tax hike vote.

TAGS: BLS: Bureau of Labor Statistics, capital gains, capital investment, Chicago, corporate income tax, economic competitiveness, economy, graduated income tax, Great Recession, Illinois, Illinois General Assembly, industry, investment, investment returns, JB Pritzker, jobs growth, labor, labor cost, minimum wage, outmigration, pass-through, population, population loss, progressive income tax, progressive tax, property, real estate, recession, recovery, Springfield, tax competitiveness, tax hikes, tax increase

Illinois personal income growth 2nd lowest in U.S. since Great Recession

By Bryce Hill
01/09/2020
Only Mississippi has fared worse than Illinois in personal income growth since the Great Recession hit at the end of 2007. Analysis shows state income taxes matter.

TAGS: corporate income tax, flat is fair, flat tax, graduated income tax, Great Recession, Illinois, Illinois General Assembly, income, income growth, income tax, JB Pritzker, labor, labor force, marginal tax, personal income, population, population growth, population loss, progressive income tax, recession, Springfield, tax burden

Progressive income tax study guide

By Orphe Divounguy, Adam Schuster, Bryce Hill
12/10/2019
Illinois Gov. J.B. Pritzker calls it the “fair tax.” Opponents say it’s a “blank check” for irresponsible spending. Here’s what you need to know.

TAGS: ballot referendums, California, Connecticut, corporate income tax, fair tax, general election, graduated income tax, Illinois, Illinois General Assembly, income tax, JB Pritzker, middle class, outmigration, pension reform, population loss, progressive tax, Springfield

Illinois House committee passes progressive income tax rates without public notice

By Bryce Hill, Austin Berg
05/25/2019
In a party-line vote that even fellow lawmakers were unaware of, Illinois House Democrats passed out of committee a progressive income tax rate structure that would take effect should Gov. J.B. Pritzker succeed in scrapping Illinois’ constitutional flat income tax protection.

TAGS: corporate income tax, fair tax, graduated income tax, income tax, JB Pritzker, Margo McDermed, Michael Zalewski, progressive income tax, taxes

How Trump’s tax proposals would affect Illinois

By Michael Lucci
05/01/2017
The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.

TAGS: Chicago, corporate income tax, death tax, Donald Trump, estate tax, income tax, outmigration, population, property taxes, tax credits, taxes

Illinois politicians’ remedy for state flirting with recession? Multibillion-dollar tax hikes

By Ted Dabrowski, Craig Lesner
02/08/2017
A new report from the Commission on Government Forecasting and Accountability shows Illinois has experienced falling tax collections, which may indicate trouble in the state economy; spending reforms – not tax hikes – are what Illinois needs to right its fiscal ship and boost economic growth.

TAGS: AFSCME: American Federation of State County and Municipal Employees, Christine Radogno, corporate income tax, income tax, John Cullerton, Medicaid, pensions, property taxes, sales tax, taxes

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Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods

Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...

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Policy lessons from Illinois’ exodus of people and money

By J. Scott Moody, Wendy Warcholik
07/07/2014

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016