While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Michigan nixed a law mandating inflated wages for public construction projects. The Prairie State should follow suit.
The announcement comes on the heels of the manufacturing giant’s decision to invest in Wisconsin.
With the successful passage of 401(k)-style pension reform in Michigan’s state legislature, Illinois lawmakers should examine their own growing pension crisis and pursue bolder reforms to stabilize the state’s finances.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
Illinois lawmakers now have at least one model on which to base necessary reforms.
Workers’ compensation costs are killing Illinois steel.
Manufacturing employment in Illinois has stagnated and even shrunk while Indiana and Michigan – neighboring Right-to-Work states – have boomed.
Michigan was a trailblazer when it comes to 401(k)-style reform plans for government workers. In 1997, Michigan froze the state employees’ defined-benefit pension plan and created a self-managed 401(k)-style retirement plan for new state workers. It was the first state in the nation to enact bold reforms like these. Michigan state employees who started working...
After a year-long campaign by the nonpartisan Mackinac Center and other groups to inform Michigan’s teachers of their right to leave their union, around 5,000 teachers have decided to do so. But more than 100,000 teachers in the state remain under union control. And the Michigan Education Association, or MEA, is claiming victory for managing...
It’s ironic that Detroit government workers and pensioners, on the one-year anniversary of the Motor City’s bankruptcy, have voted to cut their own pensions. Their vote is part of a “grand bargain” bankruptcy restructuring that seeks private, philanthropic and state funds to help avoid massive cuts in government pensions. The bargain reduces Detroit’s debt by...