State of the state: Pritzker saw worst first-year jobs numbers since Blagojevich

By Orphe Divounguy, Bryce Hill

01/27/2020

Illinois job creation lagged the national median in nearly every sector.

TAGS: 401(k), BLS: Bureau of Labor Statistics, Chicago, constitutional amendment, economic competitiveness, economic growth, fair tax, government spending, graduated income tax, housing, housing market, IDES: Illinois Department of Employment Security, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, income growth, JB Pritzker, job creation, jobs, labor, labor force participation rate, outmigration, pensions, personal income, population, private sector, progressive income tax, public sector, retirement age, spending, spending cap, Springfield, tax burden, tax hikes, tax increase, U.S. Census Bureau, unemployment

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 tax, graduated income tax, Great Recession, ILGA: Illinois General Assembly, Illinois, income, income growth, income tax, JB Pritzker, labor, marginal tax, personal income, population, progressive income tax, recession, Springfield, tax burden

With voters set to decide on progressive income tax, Illinois wealth flight among worst in the nation

By Orphe Divounguy, Bryce Hill

01/07/2020

New data shows Illinois since 2010 lost up to $32 billion in income from people moving out. Gov. J.B. Pritzker’s graduated income tax plan would hike rates on residents most likely to leave the state, on net.

TAGS: graduated income tax, ILGA: Illinois General Assembly, Illinois, Illinois Constitution, income, IRS: Internal Revenue Service, JB Pritzker, outmigration, population, progressive income tax, spending cap, Springfield, tax rates, U.S. Census Bureau

Blank check: Illinois lawmakers file progressive income tax amendment

By Adam Schuster

02/08/2019

An amendment to scrap Illinois’ constitutional flat tax protection is gaining sponsors in the Illinois Senate. Lawmakers have refused to discuss rates since those details killed the last progressive tax attempt.

TAGS: Don Harmon, graduated income tax, income, income tax, JB Pritzker, Mike Madigan, progressive income tax, property taxes, taxes

Illinois’ income growth second-worst in the nation

By Vincent Caruso

09/14/2018

Amid two record-breaking income tax hikes, growing property tax bills and population decline, the Land of Lincoln’s income growth is trailing the rest of the nation.

TAGS: income, income tax, personal income, spending, spending cap, taxes

IRS moves to block Illinois lawmakers’ tax credit workaround scheme

By Adam Schuster

08/27/2018

New IRS rules make clear that lowering the actual tax burden, not complicated workarounds, is the correct way to respond to tighter federal restrictions on SALT deductions.

TAGS: income, property taxes, SALT, taxes

Illinois Forward 2024: A sustainable state budget plan

Report Archive

John Jacob

Process for unionizing non-state workers raises red flags

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