Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
The federal government authorized a financial aid program for small businesses that have closed their doors due to the COVID-19 pandemic, but state and local government also offer assistance.
Springfield needs to pull policy levers to mitigate harm. And they should do so as quickly as possible.
With economic challenges driven by the coronavirus ahead, Illinois finds itself missing an important financial tool.
The order comes as the number of confirmed coronavirus cases in Illinois continues to rise.
A recent proposal to ban Illinois retailers from selling gas-powered leaf blowers and penalize Illinoisans for using them would hurt small businesses.
Just Cook County food stamp recipients were facing work requirements Jan. 1 if they were under age 50, able-bodied and had no dependents. Now the rules will apply throughout Illinois starting April 1.
Most new jobs in Illinois are created by small businesses, yet state leaders are asking voters to hurt them by raising taxes on these employment dynamos.
Kentucky’s economic developers are using billboards along Interstate 57 to bring businesses south by highlighting Illinois’ poor finances, high taxes and unwelcoming business climate.
Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.28% – the nation’s highest by far.