Illinois

401(k)s are better than politician-run pensions

04/03/2014
Opponents of pension reform in Illinois are quick to malign self-managed accounts, such as 401(k)s, as too risky for government workers. They claim that workers are better off with pensions paid for and run by the government, as if that somehow makes them more secure. But there are three key problems with that argument. The...

“Urging” versus coercion in anti-smoking campaigns

By Bryant Jackson-Green
04/02/2014
Earlier this month, 28 attorneys general, including Illinois’ Lisa Madigan, sent a letter to major convenience retailers including Rite Aid, Walmart and Walgreens, urging them to stop selling tobacco products in their stores. This came shortly after CVS voluntarily announced that it would completely phase out sales of tobacco products by October 2014. Madigan and...

What Mayor Emanuel’s pension proposal does and doesn’t do

04/01/2014
Chicago Mayor Rahm Emanuel has reportedly struck a pension deal with city employees who are members of the Municipal and Laborers pension funds. The deal only affects half of the city’s workers. Firefighters and policemen, as well as its teachers, park and transit workers, are not included. The deal, which calls for a five-year, $750...

TAGS: pensions

State Sen. Don Harmon’s progressive tax plan would hurt middle-class Illinoisans

By Benjamin VanMetre
04/01/2014
Lawmakers and special-interest groups across Illinois are trying to dupe Illinoisans into paying higher income taxes. They’re trying to convince Illinoisans that a progressive income tax hike is only a tax hike on the rich. But that couldn’t be further from the truth. Need proof? Look at the most recent progressive tax hike proposal. Under...

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

Rideshare drivers and customers to Chicago City Council: don’t kill these jobs

03/31/2014
I don’t usually enjoy sitting through Chicago City Council committee meetings. The ones I’ve attended have typically involved aldermen blustering about how the city needs to ban, restrict or control one thing or another, with no regard for individual rights or economic sense. But last Thursday’s meeting of the council’s Committee on License and Consumer...

High-earners leaving Illinois in droves

By Michael Lucci
03/31/2014
A net of 1.25 million more people left Illinois than entered from 1985-2010, according to data from the Internal Revenue Service on the migration of Illinois taxpayers and their dependents. In every single recorded year, more people left Illinois than entered. Recent U.S. Census Bureau estimates, which go through 2012, show that the exodus has...

TAGS: outmigration

61 local taxing bodies win Sunshine Award in Illinois

By Brian Costin
03/29/2014
During Sunshine Week 2014, the Illinois Policy Institute recognized 38 agencies for earning our Sunshine Award for excellence in online transparency. So far this year, the number of Sunshine Award winners is up to 61 – a 60 percent increase. Over the past year, we have partnered with dozens of local taxing bodies across the...

Illinois remains second worst for joblessness

By Michael Lucci
03/29/2014
Illinois’ jobless rate remained stuck at 8.7 percent for the month of February, according to the Bureau of Labor Statistics. Illinois remains the only state in the Midwest with a higher jobless rate today than when Gov. Pat Quinn took office. When Quinn took office, the jobless rate was 8 percent. The state gained 6,400...

TAGS: jobs, unemployment

Quinn, Democrats roll out more tax-and-spend legislative initiatives

By Jane McEnaney
03/29/2014
Just hours after the 2014 gubernatorial primary results were made final, Gov. Pat Quinn and his allies launched a series of class warfare attack ads, which were aimed at playing politics rather than implementing good policy. His administration took no time following suit, unleashing a series of legislative initiatives that, if enacted, would have a...