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
Amazon picked two of the 20 remaining cities to split its $5 billion, 50,000-job HQ2, with a third city receiving 5,000 jobs. Illinois struck out on all three.
Sears, a long-time beneficiary of Illinois tax credit programs, has filed for Chapter 11 bankruptcy.
Illinois issued more than $60 million in EDGE tax credits to Takeda Pharmaceuticals from 2003 to 2013, more than any other company received over that time.
Following $3.7 million in EDGE tax credits Illinois awarded the company last year, Flex-N-Gate is set to receive a $1.2 million tax break to boost its Danville workforce.
Despite years of taxpayer subsidies, rail car manufacturer Nippon Sharyo has closed its Rochelle plant – pointing to a reality some politicians don’t want to face.
A recent survey found Illinois to be the least accommodating state in the nation for small businesses.
Despite that booming demand, there are political efforts afoot to crush the scholarship program.
Amazon’s team will visit 10 proposed sites in Chicago for its second North American headquarters.
A controversial but politically popular tax credit program will be extended until June 2022 under a bill signed by Gov. Bruce Rauner.
The tax credit scholarship program included in the school funding proposal passed by the General Assembly would be the first of its kind in Illinois, and one of the largest of such programs in the nation.