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 Jeep Cherokee manufacturer plans to lay off nearly 1,400 workers at its Belvidere, Illinois, facility and invest $4.5 billion in a 6,500-job expansion in Michigan.
New Year brings new laws as the 100thGeneral Assembly ends. Here are a few wins for Illinois taxpayers.
A trade organization is seeking to insulate the restaurant industry from competition in an Illinois Supreme Court battle over Chicago’s food truck regulations.
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.
Revisions to the state’s smoke detector law include stricter safety standards, which will require many Illinois homes to buy new devices.
Using his amendatory veto authority, the governor blocked a proposal by the General Assembly that would have protected traditional rental car companies by stifling car-sharing startups.
A recent survey found Illinois to be the least accommodating state in the nation for small businesses.
State agencies can no longer pile rules and regulations onto Illinois businesses without first taking into account their economic effects.
Illinois remains one of only four states to impose severe restrictions on the purchase and use of consumer fireworks.
Nearly 600 bills are on their way to the governor, some of which would be encouraging changes to the status quo.