While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
A new law will ensure Illinoisans don’t lose their right to practice their professions if they fall behind on student loan payments.
Under Illinois law, defaulting on student loan debt could jeopardize one’s occupational license. But a Senate bill would protect indebted workers from displacement.
Almost a quarter of Illinois workers need licenses to work in their professions, and workers who default on student loans can face the suspension of those licenses.
Illinois spends more money on retirement costs than on university operations – and tuition keeps rising to prop up this overspending. Instead of hiking taxes to maintain current spending habits in higher education, politicians should shift priorities from propping up six-figure administrators to keeping tuition affordable for students.
More than 1.7 million Illinoisans hold student-loan debt.