With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.View Report
A decisive opinion issued by the U.S. Supreme Court reversed a 1992 ban on sports gambling, putting the ball in Springfield’s court.
As the federal government repeals regulations requiring broadband companies to obtain consumers’ consent before using their browsing history and other personal information to create targeted ads, Illinois state politicians are moving to ramp up privacy protections. However, whether these bills would actually further those privacy goals or whether they would merely bolster Illinois’ class-action lawsuit industry while burdening businesses are open questions.
Lang’s progressive-tax proposal would hit successful small businesses, which account for 72 percent of all small-business income in Illinois.
Under Lang’s plan, Illinois’ top tax rate for noncorporate businesses would become 11.25 percent — the second-highest rate in the U.S.