Illinois lags both the nation and the Midwest on key indicators of social mobility. The state scores poorly on entrepreneurship, economic growth, institutions and the rule of law.
Published Jan. 28, 2025 Illinois Policy Institute Center for Poverty Solutions, in partnership with the Archbridge Institute By Joshua Bandoch, Ph.D., head of policy, Illinois Policy Institute and Justin Callais, Ph.D., chief economist, Archbridge Institute EXECUTIVE SUMMARY A low-income person’s ability to move up in society is worse in Illinois than in any other Midwestern...
Only the pandemic hurt Chicago business starts and sustainability more during the past decade. Maybe Mayor Brandon Johnson should stop treating businesses like the enemy?
The Fed just cut interest rates over worries about the national jobs outlook, but in Illinois unemployment has been a persistent problem. Tax and state economic policy should get much of the blame.
Chicago Mayor Brandon Johnson has reportedly compromised on his proposed mansion tax in favor of a graduated real estate tax. What needs to happen before he can start collecting the extra taxes?
Rail car company TTX is heading for North Carolina, adding to the list of corporations formerly headquartered in Chicago. Companies such as McDonald’s and the Chicago Mercantile Exchange could be next.
The Chicago Teachers Union registered its opinion on legislation more than 1,360 times in just six legislative sessions. Its legislative priorities would drive up taxes and make government more expensive, no matter where you live in Illinois.
An ominously titled document by close confidants of new Chicago Mayor Brandon Johnson states the new administration’s top priority is to take more money from households making $100,000 or more to fund what they claim is a “just Chicago.”
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.