America’s War on Poverty has been an abject failure. Nearly $12 trillion and 60 years later, official poverty rates remain basically unchanged. While the nation waged a well-intentioned assault on poverty, it inadvertently launched a far more sinister war: on dignity. While attempting to eradicate poverty, America created countless government welfare programs. In doing so,...View Report
Decades-high inflation means local governments can easily raise Illinoisans’ property taxes by 5% during the next year. That makes it an especially bad time to compound the property tax hike with Amendment 1.
Gov. J.B. Pritzker boasted about financial responsibility and sympathy towards working families, but the average family of three can expect to save only $35.52 per month as inflation eats away $90 from that family’s budget.
Surging gasoline prices mean Illinois is getting a boost in sales taxes from fuel, but that’s because drivers are paying the extra $200 a year. Most states don’t charge sales tax on gasoline, but Illinois adds it atop other taxes – taxing the taxes.
Inflation sends grocery prices rising at the fastest rate since April 1979, costing the average Illinoisan $522 more at checkout.
Gov. J.B. Pritzker added $650 million in taxes and fee hikes for small businesses in his last budget. Voters will decide Nov. 8 if Illinois’ business climate will get tougher, yet, through Amendment 1.
Wages have failed to keep up with inflation, dropping Illinoisans’ purchasing power by $2,900 on average.
Illinois Gov. J.B. Pritzker touted a six-month delay in the next automatic gas tax hike as “tax relief.” But since he assumed office, the gas tax he raised has taken an extra $277 from every person in Illinois.
Chicago Mayor Lori Lightfoot’s decision to tie property taxes to inflation in 2020 is coming back to bite taxpayers.
Minimum wages for Chicago and Cook County are increasing July 1. Inflation has rapidly outpaced wage growth, cutting the average Illinoisan’s pay by $2,200.
Independence Day travel will return to pre-pandemic levels this weekend, reminding Illinoisans they pay the most for gas in the Midwest thanks to high taxes.