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
A new law will ensure Illinoisans don’t lose their right to practice their professions if they fall behind on student loan payments.
Nearly 600 bills are on their way to the governor, some of which would be encouraging changes to the status quo.
A series of occupational licensing reform bills making their way out of the General Assembly would help more Illinoisans enter the workforce.
Regulatory regimes in Illinois often discourage workforce participation without enhancing public welfare. One Senate bill, however, would require regulators to demonstrate the necessity of new rules before imposing them on workers.
Three proposals that would ease occupational licensing restrictions have reached the House floor, passing unanimously out of committee.
Under Illinois law, defaulting on student loan debt could jeopardize one’s occupational license. But a Senate bill would protect indebted workers from displacement.
State lawmakers would be wise to re-examine the barriers to second chances and first careers throughout the state.
The Land of Lincoln is also the land of “sin” taxes, “saint” subsidies and other nanny-like policies, according to a new study.
Almost a quarter of Illinois workers need licenses to work in their professions, and workers who default on student loans can face the suspension of those licenses.
In Illinois, a cosmetologist must complete 350 days of educational training, but an EMT can be licensed after just 37.