How to mislead Illinoisans into accepting higher taxes

By Orphe Divounguy, Bryce Hill, Joe Tabor
A new report would have Illinoisans believe that a progressive income tax means tax cuts and economic growth. Illinois lawmakers’ tax-and-spend tendencies and evidence from all 50 states say otherwise.

TAGS: CTBA: Center for Budget and Tax Accountability, deficit, GDP, graduated income tax, income tax, inequality, jobs, progressive income tax, ralph martire, Spending, spending cap, taxes

What’s dragging down Illinois’ economy?

By Orphe Divounguy
Illinois would have seen above-average growth if the state’s workforce had simply grown on par with the rest of the U.S. economy. Instead, poor policy choices have made the state an economic laggard. Illinois’ slow expansion is likely a product of investment-killing tax hikes.

TAGS: GDP, income tax, property taxes, taxes

Illinois has the second-worst GDP growth in the Midwest

By Michael Lucci
Illinois recorded the second-worst growth in gross domestic product of any state in the Midwest, according to this week’s release from the Bureau of Economic Analysis. The Illinois economy grew by just 0.9 percent in 2013. Only Missouri grew slower, at a sluggish 0.8 percent. The state’s growth ranks near the bottom nationally as well....

TAGS: economy, GDP, Pat Quinn