Illinois Senate proposes income tax hike in the face of record out-migration and wealth flight

By Michael Lucci
The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.

TAGS: budget, Christine Radogno, income tax, John Cullerton, outmigration, taxes

Madigan spokesman, trial bar peddle myths about workers’ comp

By Michael Lucci
Illinois House Speaker Mike Madigan’s spokesman, Steve Brown, has repeatedly implied that Illinois insurance companies are hoarding cost savings. However, this couldn't be happening unless insurance companies were colluding in violation of anti-trust laws, and there's no evidence they are. Illinois trial lawyers have echoed Brown's sentiments, but they don't seem to see evidence of anti-trust violations either given that they haven't brought lawsuits against insurance companies for violating federal anti-trust law.

TAGS: John Cullerton, Mike Madigan, Steve Brown, workers compensation