MillerCoors opened its Chicago headquarters in 2010. Eight years and nearly $6 million in subsidies later, the beer giant has been hammered by a heavy round of layoffs.
A recent analysis confirms what many Illinoisans already know: While red-light cameras serve as reliable sources of revenue, they do not improve public safety.
Nearly two in five workers in the U.S. need government permission just to do their jobs. One of the ways that permission is granted is through occupational licensing programs imposed by state and local governments. This setup raises barriers to entry for many professions. The supposed justification for these rules is that they help protect...
An Illinois House Committee wants taxpayers to pay $100 million for a Barack Obama library. Somehow, House Speaker Michael Madigan thinks this is an appropriate use of funds despite the state’s more than $100 billion pension crisis and $6.6 billion in unpaid bills. Madigan told the Chicago Tribune he will use “skills that I’ve developed in the legislature...
There is a virtual caravan of businesses leaving Illinois. Office Depot, which announced that it would be setting up its headquarters in Boca Raton, Fla., rather than Naperville, Ill., is only the latest. A string of smaller companies, mainly manufacturers such as Modern Drop Forge or Food Warning Equipment Company have been relocating – sometimes...
Ever notice that going out to eat seems more expensive in Chicago than other cities? One of the reasons is that on top of the very high sales tax in Chicago, there are additional taxes on meals in restaurants: 0.25 percent Chicago restaurant tax and 1.0 percent Metropolitan Pier and Exposition Authority (MPEA) food and...
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.