While the state waits for the Supreme Court’s SB 1 ruling, Gov. Bruce Rauner and other lawmakers are working up a pitch to amend the state constitution.
The plaintiffs in the SB 1 case are asking the court to do something extraordinary: to hold, in effect, that pension benefits should receive stronger protection than any other type of constitutional right.
Contrary to popular belief, government-worker pensions are not untouchable, at least according to the federal courts. The federal judge in charge of the bankruptcy proceedings of Stockton, California, has ruled that city-worker pension debt must be treated like any other form of debt and could be adjusted under federal bankruptcy law. The ruling is a...
Last October, the Illinois Supreme Court struck down the state’s “Amazon tax,” a state law that would have forced many online retailers to pay Illinois taxes regardless of whether they had any physical presence in the state. Now, despite this ruling, some legislators are trying to bring back this tax. The “Amazon tax” required Amazon...
Incumbent politicians hate to be criticized, and in Illinois some of them have decided to do something about it – not by correcting the behavior for which people criticize them, but by trying to repeal the First Amendment. That may sound outrageous, but it’s true. On Thursday, the Illinois Senate’s Executive Committee passed a resolution...
The Illinois Supreme Court today struck down the state’s “Amazon Tax,” a state law that forced online retailers to pay Illinois taxes regardless of whether they had a storefront or other physical presence in the state. In its ruling, the Supreme Court indicated that it struck down the law because it conflicts with a federal...
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.