Illinois

Appellate court rules Cook County can’t tax goods bought outside the county

By Bryant Jackson-Green

08/08/2014

Can Cook County make its residents pay taxes on things they buy elsewhere? This week an Illinois appellate court said no, upholding a lower-court decision striking down the county’s “Non-Titled Personal Property Use Tax,” which charged an extra tax on Cook County residents who bought goods worth more than $3,500 outside of the county. In...

Private and public sectors trade pension plans for real retirement security

08/06/2014

Over the last three decades, private-sector companies have transitioned away from traditional pension plans and toward 401(k)-style plans for their employees. While the traditional pension plans were unpredictable and unmanageable, these 401(k)-style plans offered companies a greater level of certainty in their budget and gave employees greater control over their retirement accounts. Today, 85 percent...

ObamaCare open enrollment round 2: IL numbers still below expectations

By Naomi Lopez Bauman

08/05/2014

Illinois is now gearing up for the second round of ObamaCare open enrollment period that begins on Nov. 15. ObamaCare was passed with the promise that it would drastically reduce the number of uninsured Americans. Illinois’ state officials originally aimed to reduce the eligible uninsured adult population by half by the end of the first...

TAGS: health care, open enrollment

ObamaCare is falling short in Illinois

By Naomi Lopez Bauman

08/05/2014

The Affordable Care Act, or ACA, commonly referred to as ObamaCare, was supposed to cut Illinois’ eligible, uninsured adult population by half by the end of March 2014. The state achieved only half of its goal. About one-quarter of Illinois’ eligible uninsured adults have obtained health insurance coverage under the ACA. The state’s original goal was to move half of...

TAGS: ACA: Affordable Care Act, health care, health insurance

The sad but true history of Illinois’ credit rating

By Benjamin VanMetre

08/04/2014

Illinois has the lowest credit rating in the nation. The sad truth is Illinois hasn’t been a AAA-rated state since February 1979 – when a gallon of gas cost less than a dollar and the Dow Jones Industrial Average hovered in the low 800s. The state’s credit rating has been in a downward spiral ever...

U.S. workforce grows, Illinois’ shrinks

By Michael Lucci

08/04/2014

U.S. nonfarm payrolls added 208,000 workers in the month of July, against consensus expectations of 230,000, according to the Bureau of Labor Statistics. The national unemployment rate ticked up to 6.2 percent. However, one of the reasons for the increase is that the number of people in the workforce increased. It is healthy for workforce...

Shaming corrupt politicians with plaques

By Donovan Griffith

08/01/2014

The state of Pennsylvania isn’t afraid to shame their convicted politicians, and Illinois shouldn’t be either. Recently, Pennsylvania started shaming the lawmakers who have been convicted of a crime by adding a detailed plaque under their portraits hanging in the state Capitol building in Harrisburg. The plaques highlight offenses committed by convicted lawmakers, including the...

TAGS: Chicago, corruption, Pennsylvania

Wisconsin Supreme Court upholds union reforms

By Paul Kersey

07/31/2014

The Statehouse was packed. Protestors crammed the building, chanting, pounding drums and marching around with signs. The historic Wisconsin state Capitol had become overrun with sleeping bags and activists. In some cases, lawmakers were harassed. Doctors diagnosed fake illnesses so protestors could be excused from work. The Senate Democratic caucus fled the state. Within days,...

TAGS: U.S. Supreme Court, unions

Quinn passes the buck on cell-phone tax hike, Chicago cashes in

By Austin Berg

07/31/2014

Back on June 6, Illinois Gov. Pat Quinn signed legislation authorizing Chicago city officials to enact a 56 percent per-line 911 fee hike. This measure gave the city of Chicago the authority to raise the city’s per-line 911 fee to $3.90 from the old fee of $2.50. It didn’t take long for Chicago City Council...

TAGS: cell phone tax, taxes

Health insurance premiums increase across Illinois

By Bobby Shaw

07/30/2014

If you live in Illinois and have private insurance – either through your employer or purchased on your own – your premiums likely increased this year as a result of the Affordable Care Act, commonly known as ObamaCare. Instead of reducing premiums by an average of $2,500 per family as promised, ObamaCare has increased what...

Taxed out: 10 reforms to stop Illinois from losing people and jobs

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...

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