Illinois politicians’ remedy for state flirting with recession? Multibillion-dollar tax hikes

By Ted Dabrowski, Craig Lesner
A new report from the Commission on Government Forecasting and Accountability shows Illinois has experienced falling tax collections, which may indicate trouble in the state economy; spending reforms – not tax hikes – are what Illinois needs to right its fiscal ship and boost economic growth.

TAGS: AFSCME: American Federation of State County and Municipal Employees, Christine Radogno, corporate income tax, income tax, John Cullerton, Medicaid, pensions, property taxes, sales tax, taxes

Illinois needs a vision, not just a budget

By Ted Dabrowski
The Illinois Senate budget proposal merely puts off the state’s day of reckoning through more of the same: tax hikes, borrowing and spending, without the necessary reforms to put the state on a path to fiscal and economic health.

TAGS: budget, John Cullerton, senate

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