Illinois tax hikes harm family incomes and stunt economic growth

By Michael Lucci

07/21/2016

Politicians’ quick answer to the state’s problems is consistently to raise taxes, but evidence shows tax hikes are a negative for families struggling in a state already lacking opportunity.

TAGS: corporate income tax, income tax, jobs, millionaire tax, progressive income tax, property taxes, taxes

$2 million per year in tax breaks buys 2,000 new Amazon jobs for Illinois

05/27/2016

Amazon’s new Joliet, Ill., facilities will bring needed jobs to the state, but special tax deals are not the way to improve Illinois’ sluggish jobs climate.

TAGS: corporate income tax, jobs, tax credits

Illinois’ tax structure should be built on stability, not emotion

By Austin Berg

05/05/2016

Illinois lawmakers can learn valuable lessons from states that have protected essential government services from swings in the economy.

TAGS: consumption tax, corporate income tax, graduated income tax, income tax, progressive income tax

Progressive-tax proposal would favor corporations over small businesses, give Illinois 2nd-highest small business tax in U.S.

By Michael Lucci

04/22/2016

Under Lang’s plan, Illinois’ top tax rate for noncorporate businesses would become 11.25 percent — the second-highest rate in the U.S.

TAGS: corporate income tax, fair tax, graduated income tax, income tax, Lou Lang, outmigration, progressive income tax, small business

Illinois has fourth-largest portion of tax revenues coming from corporate income taxes in the nation

By Benjamin VanMetre

11/13/2013

Illinois’ corporate income tax rate is already the fourth-highest in the industrialized world. Yet some lawmakers want to push rates even higher. State Rep. Naomi Jakobsson, D-Champaign, wants swap out Illinois’ constitutionally protected flat rate income tax on corporations with a progressive income tax hike. And that would be on top of the fact that...

TAGS: corporate income tax, fair tax, flat tax, graduated income tax, Naomi Jakobsson, progressive income tax

corporate income tax

Illinois tax hikes harm family incomes and stunt economic growth

$2 million per year in tax breaks buys 2,000 new Amazon jobs for Illinois

Illinois’ tax structure should be built on stability, not emotion

Progressive-tax proposal would favor corporations over small businesses, give Illinois 2nd-highest small business tax in U.S.

Illinois has fourth-largest portion of tax revenues coming from corporate income taxes in the nation

Chicago Forward 2026: A pro-growth plan to end city budget deficits

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Diana Graham

Process for unionizing non-state workers raises red flags

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