Taxing retirement income is not a new idea to Illinois politicians, but denying they want to tax seniors is new since that part of the “fair tax” plan slipped out.
The lawsuit challenges the language that will appear on the Nov. 3 ballot asking whether voters want to scrap Illinois’ constitutional flat tax guarantee – opening the door to a retirement tax.
Progressive income tax proponents put factually inaccurate and misleading claims into a constitutionally required pamphlet intended to inform voters about a proposed amendment.
Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...
Four long-time Illinois General Assembly members who pushed through the “fair tax” referendum have been charged with crimes. A fifth faces a bribery investigation.
The state’s government unions have heavily funded the election committees run by longtime Illinois House Speaker Michael Madigan – who then uses his influence to pass union-friendly bills.
America’s longest-serving politician is at the center of a federal corruption investigation into lobbying, bribery and using ComEd for political patronage jobs.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.