taxes

Quinn passes the buck on cell-phone tax hike, Chicago cashes in

By Austin Berg
07/31/2014
Back on June 6, Illinois Gov. Pat Quinn signed legislation authorizing Chicago city officials to enact a 56 percent per-line 911 fee hike. This measure gave the city of Chicago the authority to raise the city’s per-line 911 fee to $3.90 from the old fee of $2.50. It didn’t take long for Chicago City Council...

TAGS: cell phone tax, taxes

‘Keep Your Promise’: IL lawmakers must let temporary tax hikes sunset

By Benjamin VanMetre
06/20/2014
Temporary tax hikes notoriously stick around longer than planned. Pennsylvania passed a 10 percent tax on alcohol to pay for damage from a flood in 1936. The state continued to levy the tax after the flood damage was paid for. Today the rate is 18 percent. But lawmakers across the country have been better at...

TAGS: income tax, taxes

The Pledge

By Matt Paprocki
06/09/2014
Illinois Policy Action is announcing an initiative to help hold legislators accountable to their word following the three major state income tax defeats during the spring session. We will be asking all House and Senate members to sign our “Keep Your Promise” pledge, which will affirm politicians’ stated opposition to keeping permanent the temporary 5...

TAGS: progressive income tax, taxes

Indiana-Illinois border war

By Michael Lucci
03/17/2014
Indiana cut taxes again last week. And it gained another Illinois business. On Thursday, Indiana cut business taxes, including a reduction in the corporate rate. That came on the heels of AM Manufacturing Co.’s announcement that it will move from Illinois to Indiana. AM Manufacturing Co. is a family-owned machine manufacturer. AM Manufacturing will move...

TAGS: Indiana, jobs, taxes, unemployment

Reasons for taxing the rich: Revenue or punishment?

By Justin Hegy
02/12/2014
Why do some people support taxing higher incomes at higher percentage rates? Some politicians throughout Illinois would like you to believe it’s to generate revenue – but a recent poll suggests something different. According to a new poll conducted in the U.K., members of their center-left Labour Party were overwhelmingly supportive of taxing higher incomes...

TAGS: fair tax, graduated income tax, income tax, progressive income tax, taxes

Illinois has a dirty little secret buried in its tax history

By Benjamin VanMetre
01/02/2014
Illinois has a dirty little secret buried in its tax history – the first income tax approved in Illinois was a progressive tax. Fortunately, the progressive tax was ruled unconstitutional and was never implemented. But now the threat of a progressive tax hike is back again. Originally, Illinois didn’t have an income tax. When the...

TAGS: fair tax, flat tax, graduated income tax, income tax, progressive income tax, taxes

Michael Jordan’s $200K property tax bill can’t cover Highland Park’s No. 1 pensioner

By Hilary Gowins
12/23/2013
Michael Jordan may have paid $178,900 in property taxes on his Highland Park home in 2012. But his property taxes aren’t even enough to cover the annual pension of Highland Park’s highest-compensated retired Teachers’ Retirement System member. Linda Hanson, 66, is a former Highland Park Township High School District 113 superintendent who has been retired...

TAGS: Michael Jordan, pensions, property taxes, taxes

Wisconsin competes for jobs while Illinois moves in the wrong direction

By Justin Hegy
12/20/2013
Wisconsin Gov. Scott Walker recently expressed interest in eliminating his state’s income tax. Walker realizes this move will give Wisconsin a competitive edge in competing for jobs and attracting new business. This new reform would add to important steps that state already has made, including labor reforms in late 2011 that helped the state’s budget...

TAGS: income tax, jobs, taxes, unemployment