Cook County Board President Toni Preckwinkle struck a pension deal for county employees earlier this month. The plan recently materialized into legislation that quickly moved through the Illinois Senate, but has not passed in the Illinois House. Preckwinkle’s plan fails to fundamentally reform pensions and may result in massive tax and fee increases, a reduction...
Drivers and supporters of rideshare company Lyft rallied earlier this week on Chicago’s Federal Plaza to urge community members to oppose House Bill 4075, which would restrict ridesharing at the state level. The Illinois Senate approved the bill this week. Thanks in part to the efforts of Illinois Policy Action, the most anti-competitive aspects of...
Illinois is one of only 14 states that doesn’t have some form of gubernatorial term-limits. A proposal introduced by Illinois State Senate Republican Leader Christine Radogno (R-Lemont) and Illinois House Republican Leader Jim Durkin (R-Western Springs) would give Illinois voters an opportunity to change that this coming November by enacting eight-year term limits on executive...
Chicago Mayor Rahm Emanuel has backed off a proposal that would have hobbled or destroyed ridesharing services such as uberX and Lyft in Chicago – for now, at least. And when the taxi lobby turned to the Illinois General Assembly for help, they proposed a ridesharing bill full of provisions that would harm consumers and...
The Illinois Senate passed Senate Bill 2776 to lower the cost to create a Limited Liability Company to $39 from $500. This piece of legislation, which rightfully received bipartisan support, will take effect immediately upon receiving Gov. Pat Quinn’s signature. LLC fees are unnecessary and harm low-income entrepreneurs. In fact, LLC fees function like a...
An ironic piece of legislation has been proposed in the Illinois Senate. Senate Bill 3126 would reduce the corporate income tax rate from 7 percent to 3.5 percent, but also raise the minimum wage nearly 50 percent, to $12 from $8.25. Cutting corporate tax rates is a great idea in the state with the fourth-highest...
The “Sweetened Beverage Tax” bill – proposed legislation before the Illinois Senate – would impose a tax of one cent per ounce on all “bottled sugar-sweetened beverages” – has already started to receive a lot of attention. According to the bill’s authors, the tax would result in “a 23.5 percent reduction in sugar-sweetened beverage consumption” and “a...
In late January new legislation, Senate Bill 2682, was introduced to the Illinois Senate mandating that all eighth-graders be taught “the history of organized labor in America” and “the collective bargaining process.” The bill strengthens existing language so no student would be allowed to graduate eighth grade without being taught the importance of organized labor....
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.