In the midst of the state’s budget, pension and out-migration crises, an Illinois politician has introduced SB 2143 to ban the sale of bobcat pelts, as well as the trapping of these animals.
The measure would enable mandatory arbitration should either the state or its unionized employees declare a bargaining impasse in their continuing contract talks.
The array of six tax-hike proposals adds up to more than the state’s total projected general-fund spending in fiscal years 2016, 2017 and 2018 – combined.
Half the Illinoisans surveyed in a recent Gallup poll said they’d like to move to another state. This attitude isn’t a new trend. Between 1995 and 2009, the state lost on a net basis more than 806,000 people to out-migration. As Illinois lost residents, it also lost out on a net of $26 billion in taxable...
Some Illinois lawmakers and special-interest groups are pushing for a so-called fair tax, or progressive income tax in Illinois. Among the leading advocates of the progressive tax is Illinois Education Association, or IEA, which misleadingly claims the progressive tax would “increase taxes on the rich” while “cutting taxes on the middle class.” The reality is...
April 28 marks Illinois’ Tax Freedom Day. This day commemorates the point in 2014 when Illinoisans have worked enough to cover the rising cost of federal, state and local government. From now through the rest of 2014, Illinoisans finally will be able to keep the money they earn. Illinois’ high-tax environment pushed the state’s Tax...
Illinois politicians pushed through a record income tax increase on families and businesses in January 2011. They promised the tax hike would partially sunset in January 2015. But as that date closes in, lawmakers are crying poor and threatening Illinoisans with massive cuts in services. Illinois lawmakers are using doomsday scenarios as scare tactics to...
A progressive income tax would hit Illinois’ businesses community hard. That’s because S corporations and most partnerships “pass-through” their income to the individual owners of those businesses, meaning their profits are taxed at the state’s personal income tax rate. That’s on top of the 1.5 percent replacement tax these businesses pay. State Sen. Don Harmon...
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.