States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.View Report
History shows lawmakers prefer to avoid tough but necessary choices.
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
A recent analysis ranked 75 of the most populated cities in terms of fiscal health - and placed the Windy City next to dead-last.
A new study highlights the gravity of Illinois' fiscal crisis.
Cook County governments have now amassed $139 billion in debt, a 30 percent increase over the last 5 years.
State workers receive a platinum-level health care plan at a heavily subsidized cost, while Illinoisans in the private sector paying for those plans see their own premiums skyrocket.
With the 2018 budget set to spend at least $1.3 billion more than it takes in, members of the General Assembly have hoodwinked Illinoisans once again.
After a tax hike spree from Chicago-area politicians, residents are stuck paying more only to carry an ever-larger load of debt.
House Bill 3004 would have put banks and bondholders ahead of taxpayers and those who rely on government services. But Gov. Bruce Rauner’s amendatory veto strips the bill of those bailout provisions.
Of the three major ratings agencies, only Moody’s Investors Service has indicated that Illinois lawmakers’ lack of long-term solutions for reducing that debt is a severe problem.