Illinois’ $1.3 billion in EDGE tax credits has brought in only 34,000 jobs since 2001, and has enabled politicians to hand out tax relief to select companies rather than lowering anti-growth taxes for all businesses.
Just as Illinoisans elect state representatives, state representatives elect the speaker of the House every two years. To become the speaker, Madigan just needs a majority vote.
Illinoisans may elect who goes to the House of Representatives, but they don’t choose their representation – at least not in any meaningful sense. The power belongs to Madigan. And he represents himself.
Good-faith negotiation and trust were foundational to all of the deals made, but some Statehouse Democrats pushed for extreme solutions while others were actively compromising.
Gov. Rauner and the Illinois House of Representatives support a bill to release lottery winnings, but Democratic leaders in the House and Senate are standing in the way. Now Illinois Lottery winners may not be paid until 2016.
Illinois began August with a $4.4 billion dollar backlog of unpaid bills. If lawmakers would have kept the promises they made in 2011, the backlog would be zero today – or close to it. In January 2011, Illinois lawmakers pushed through a record tax hike that raised the income tax rate on individuals to 5...
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.