Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
The car-sharing victory is real business friendliness. And that means Illinoisans – whether or not they ever rent their car through an app – have cause for a little celebration.
Senate lawmakers overrode Gov. Rauner’s veto of a lobbyist-backed bill aiming to sideswipe car-sharing startups with new taxes and regulations. The bill returns to the House.
With lobbyist backing, lawmakers passed a bill in May aimed at driving out competitors for rental car companies. Gov. Bruce Rauner rejected the bill, but lawmakers could revive it during veto session.
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.
The state agreed to the tax credits in exchange for Capital One hiring 210 new employees and retaining 900.