Tying government spending to economic growth protects taxpayers from future tax hikes.View Report
State lawmakers should reform Illinois’ overly complicated sales taxes and other anti-business taxes, which violate guiding principles of sound tax policy.
Illinois is expected to raise an additional $200 million in sales tax revenue due to changes in the new state budget and the U.S. Supreme Court’s decision in South Dakota v. Wayfair Inc. Lawmakers should offset this expansion of the sales tax by ending a $200 million harmful tax on business investment.
Local voters struck down a 1 percent sales tax hike for the third time in seven years.
Madison County voters have rejected a proposed 1 percent sales tax hike twice before. Will the third time be a charm?
Madison County voters have twice turned down a proposed sales-tax hike to fund school facilities projects, but the proposal will appear again on March primary ballots. If approved, shoppers in Collinsville and Granite City would see some of the highest sales tax rates in the country.
The city's budget for fiscal year 2019 was accompanied by increases in sales and telecom taxes. But local officials still anticipate a deficit.
In a comparative analysis of taxes and fees in the nation's top 15 cities, Chicago won first place more times than any other city.
The Land of Lincoln's addiction to regressive "sin taxes" burns more and more of Illinoisans' incomes.
A potential 2 percent dine-in tax imposed on Springfield restaurants has yet to be introduced, but the idea - which other towns have tried - is not a welcome one.
The Land of Lincoln is also the land of “sin” taxes, “saint” subsidies and other nanny-like policies, according to a new study.