The governor-elect has shown wisdom in his first steps to address budget challenges. Illinoisans should hope the trend continues once Rauner takes office.
“It just seemed wrong to me, that you would deny a woman, or a person of color, or someone from downstate, a seat on this governing board, just based on who they happen to be, as opposed to their merit and their talent.”
Legislation being advanced by state Rep. Robyn Gabel, D-Chicago, would attempt to cover costs by charging a fee on every health-insurance plan sold through the state-funded health insurance exchange. This funding mechanism is likely to be insufficient. In fact, the new state tax on insurance plans may need to be three times the amount currently under consideration to truly cover administrative costs.
There is a silver lining should the Supreme Court rule against the ACA: Illinoisans would no longer be subject to an estimated $6.5 billion in IRS penalties.
The average American pays $6,000 in subsidies to corporations every year, but that gigantic chunk of taxpayer change simply is not enough for some special interests.
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...