The unintended consequences of a Chicago credit-check ordinance have harmed young and black workers, and show why lawmakers should focus on repealing the laws preventing employment for Illinoisans, rather than creating new ones.
Even a very small reduction in recidivism – just 5 percent – would save Illinois taxpayers nearly $187 million over nine years. But if Illinois’ recidivism rate stays the same, taxpayers will pay approximately $5.7 billion for recidivism costs over the next five years.
In an effort to shore up pension debt, Chicago officials in 2014 adopted a pension-reform package that included raising the telephone tax. Though the Illinois Supreme Court struck down these changes, the tax hike remains.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...