Florida

Did higher taxes create the Minnesota miracle?

By Naomi Lopez Bauman
04/24/2014
A Better Illinois is claiming that the progressive tax and higher taxes on the wealthy are responsible for the “Minnesota miracle.” But the only marvels here are the impressive contortions they used in concluding that higher taxes is what holds Illinois back from impressive job growth and a budget surplus. The problem with their analysis...

Illinois’ recipe for exodus: 7 different tax structures proposed for 2015

By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Illinois’ comeback: The real facts

By Benjamin VanMetre
03/26/2014
JOB CREATION: Since 2010, Illinois has recovered only 215,800 jobs, which is 42,000 fewer than Gov. Pat Quinn’s claim of 257,400. More importantly, Illinois is the only state in the Midwest that had fewer payroll jobs in January 2014 than it did when Quinn took office in January 2009. UNEMPLOYMENT: Illinois has the second-highest unemployment...

Millions that migrate

By Michael Lucci
03/26/2014
House Speaker Mike Madigan has proposed an extra tax on million-dollar incomes. His proposed legislation, HJRCA51, would amend the Illinois Constitution to impose an additional tax of 3 percent on income over $1 million. This tax won’t touch any millionaires who don’t want to pay it. They’ll simply leave, and they are well-equipped to do so. The middle...

TAGS: millionaire tax, progressive income tax

Illinois employers to lay off more than 1,000 workers in coming months

By Michael Lucci
03/07/2014
More bad news is coming on the heels of the Bureau of Labor Statistics report that Illinois dropped 27,600 payroll jobs in the month of January alone. More than 1,000 workers will be laid off in comings weeks and months, according to advance notices filed by businesses to regulators. Businesses such as Accretive Health and...

TAGS: jobs, unemployment, WARN

Illinois unraveling

02/20/2014
Until the mid-1900s, people from across the world stampeded into Illinois in search of opportunity. Workers from rural America came to build Pullman cars, erect skyscrapers and fill factories. Immigrants from Eastern Europe arrived in search of economic freedom. And laborers left the agrarian South to participate in America’s industrialization. Illinois’ population doubled from 1900...

Illinois job losses: 546 layoffs announced in coming months

By Hilary Gowins
02/11/2014
Illinois continues to shed jobs. The state lost 3,200 nonfarm payroll jobs in December. Now, Illinois is poised to lose an additional 546 jobs from five companies in the next few months, according to the state’s January Worker Adjustment and Retraining Notification, or WARN report. Chicago-based Specialty Foods Group Inc., a meat wholesaler that makes...

TAGS: jobs, unemployment, WARN

Illinoisans flee the state for neighboring Indiana, Missouri and Wisconsin

By Michael Lucci
01/24/2014
The story of Illinois’ steady out-migration problem is well known, but just where are Illinoisans moving to? Is the outflow driven entirely by retirees and beach-goers moving to Florida? Not according to the U.S. Census Bureau, which just released its 2012 American Community Survey of state-to-state migration flow data. These data use census surveys to...

TAGS: population

Illinois’ sputtering population growth

01/09/2014
The U.S. Census Bureau announced that Illinois had the sixth-lowest population growth in the nation in 2013. The state’s population growth was just 0.11 percent, adding only 14,000 people to its population of nearly 13 million people. Other large states such as Georgia, North Carolina, Florida and Texas grew seven to 13 times faster than...

TAGS: population