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.
House Bill 4237 seeks to get around Congress’ limitation of a federal deduction that benefits high-tax states, but residents would be better served by efforts to directly reduce state and local taxes in Illinois.
Lawmakers in Springfield are joining forces with Hertz and Enterprise in efforts to punish companies offering innovative alternatives to conventional car rental options.
More than three-quarters Illinois communities lost population over the year, and nearly all of the state’s major metro areas are lagging the nation on key economic indicators.
As part of Illinois’ statewide population drop in 2017, southern Illinois counties saw a continuation of population losses they’ve been seeing for years.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.