As nation celebrates small businesses, Illinois considers taxing them more

By Orphe Divounguy, Bryce Hill

11/27/2019

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.

TAGS: BLS: Bureau of Labor Statistics, business climate, C-corp, capital, capital investment, entrepreneurs, Great Recession, Illinois, Illinois Constitution, investment, JB Pritzker, job creation, jobs growth, levy, mom and pop, neighboring states, over-regulation, pension reform, progressive income tax, recovery, regulation, S-corp, small business, small business saturday, spending cap, tax climate, taxes, tennessee, Texas, wages

Cullerton spending cap would avert future Illinois tax hikes

By Vincent Caruso

02/20/2019

State spending has grown nearly 50 percent faster than Illinoisans’ incomes during the past decade. State Sen. Tom Cullerton, D-Villa Park, has proposed a constitutional spending cap that offers a long-term solution to the state’s budgetary problems.

TAGS: income tax, Spending, spending cap, taxes, Tom Cullerton

Pritzker’s first year deficit $440 million larger than expected because he plans to spend $440 million more

By Adam Schuster

02/19/2019

Illinois Gov. J.B. Pritzker has said his first year deficit is $3.2 billion, but he intends to spend hundreds of millions more than planned under previous baseline budgeting.

TAGS: balanced budget requirement, budget, deficit, GOMB, JB Pritzker, minimum wage, Spending, spending cap

Illinois state spending has grown nearly 50% faster than taxpayer incomes

By Orphe Divounguy, Bryce Hill

02/18/2019

A spending cap proposal filed by state Sen. Tom Cullerton, D-Villa Park, would ensure growth in government spending doesn’t exceed taxpayers’ ability to pay for it.

TAGS: budget, debt, deficit, income tax, personal income, Spending, spending cap, taxes, Tom Cullerton

Kiss-off: Too many Illinoisans breaking up with the state

By Vincent Caruso

02/14/2019

Every relationship comes with its sacrifices. But for an alarming number of Illinoisans, parting ways with Illinois is how they choose to get on with their lives.

TAGS: jobs, outmigration, property taxes, Spending, spending cap, taxes

Inauguration day: 5 pro-taxpayer reforms Pritzker should push in 2019

By Vincent Caruso

01/14/2019

The Land of Lincoln has a new governor, but the state’s deep-seated problems remain. Here are five reforms that newly inaugurated Gov. J.B. Pritzker could pursue to begin setting the state on the right fiscal path.

TAGS: balanced budget requirement, Bruce Rauner, JB Pritzker, local government consolidation, pensions, school district consolidation, spending cap

Christmas wish list: 12 gifts for Illinois taxpayers in 2019

By Vincent Caruso

12/19/2018

In 2018, Springfield handed Illinoisans more of the same repackaged policy failures. Lawmakers in the coming year should tape to their desks this wish list of taxpayer-friendly reforms.

TAGS: balanced budget requirement, criminal justice reform, education, graduated income tax, income tax, pensions, prison reform, progressive income tax, property taxes, school choice, school district consolidation, sentencing reform, spending cap, U.S. Census Bureau

As nation celebrates small businesses, Illinois politicians take them for granted

By Orphe Divounguy, Bryce Hill

11/19/2018

A history of tax hikes to prop up unsustainable spending makes Illinois a frosty climate for small businesses.

TAGS: employment, jobs, progressive income tax, small business, spending cap, taxes

Poll: High taxes No. 1 reason Illinoisans consider leaving state

By Joe Barnas

09/27/2018

Over half of survey respondents have considered leaving Illinois, citing dysfunctional government, disappointing job opportunities and – above all – high taxes.

TAGS: income tax, outmigration, progressive income tax, spending cap, taxes

Illinois’ income growth second-worst in the nation

By Vincent Caruso

09/14/2018

Amid two record-breaking income tax hikes, growing property tax bills and population decline, the Land of Lincoln’s income growth is trailing the rest of the nation.

TAGS: income, income tax, personal income, pew research, Spending, spending cap, taxes

Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods

Each year, tens of billions of dollars flow through Illinois state government.1 These flows all depend on methods of payment. In deciding on those payment methods, policymakers must consider a number of important factors, including security controls, cost effectiveness, accessibility, speed and allowance for choice. This report shows that by adopting best practices across all...

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Power in payments: Illinois can help unbanked residents, save money by adopting best practices in payment methods

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Ifeoma Nkemdi

Policy lessons from Illinois’ exodus of people and money

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students