Red-light cameras are taking more and more money from Illinois motorists. But dubious safety benefits, a cloud of corruption and a bipartisan bill in Springfield may combine to take them off the streets.View Report
A year ago, over half of Illinoisans considered moving away, but today it’s more than 6 in 10, a new poll shows. The No. 1 reason cited for wanting to move? High taxes.
The Land of Lincoln is the land of the nation’s least-friendly state tax climate, according to a new study.
Illinois’ housing price growth remains well below the national average because of lagging demand, caused in large part by tax policies that make people hesitant to spend.
Turmoil overseas for the world’s leading exporter of crude oil will mean more pain at the pump for Illinoisans, after enduring a doubled state gas tax in July.
Illinois’ two major income tax hikes were major failures.
In a single year, Illinoisans witnessed their state’s net worth drop by a staggering 35%, or $47.4 billion, despite shouldering the largest permanent income tax hike in state history.
Gov. J.B. Pritzker calls his $3.4 billion income tax hike a “fair tax.” But opponents have criticized the constitutional amendment as a blank check for House Speaker Mike Madigan and other state lawmakers, courtesy of Illinois taxpayers.
The elections scheduled for November 2020 are already injecting uncertainty into the economy, and the progressive income tax ballot question will make matters worse.
Youthful wealth, energy and talent that could help Illinois recover is leaving the state at the nation’s second-highest rate. State leaders’ thirst for new taxes will make the problem worse.
Recent polling shows many Illinoisans would not trust state lawmakers with expanded taxing authority under a progressive income tax system.