Illinois

Illinois Business Climate Ranks in Bottom

09/20/2011
by Emily Dietrich Yesterday’s headline in the Chicago Tribune, “Illinois Among Worst States to do Business,” encapsulates what’s been on the minds of countless job creators and job seekers across the state. A new study by the Development Counsellors International reports that of the 322 U.S. corporate executives surveyed, nearly one quarter viewed Illinois as having one of...

A Simple Solution for Mr. Buffett’s Tax Problem

09/20/2011
by Kristina Rasmussen Warren Buffett recently took to the opinion pages of the New York Times to decry America’s unfair tax system. According to his calculations, his effective tax rate is around 17 percent while his the people in his office pay effective rates averaging 36 percent. His solution? Washington should hike his taxes. And yours, while they’re...

IlliNOis JOBS: Ranks of Unemployed Grow Most in the Nation

By Chris Andriesen
09/15/2011
For a second month in a row, Illinois holds the unenviable position of leading the nation in negative jobs data. This month, the bad news is in the number of unemployed Illinoisans.  Data released Sept. 15 by the Bureau Labor of Statistics showed that more people became unemployed last month in Illinois than in any...

Obama: Adopting the Illinois Model

09/15/2011
by Emily Dietrich President Obama presented a $450 billion proposal to a joint session of Congress last week. He instructed lawmakers: “Pass this bill, and hundreds of thousands of disadvantaged young people will have the hope and the dignity of a summer job next year. And their parents – their parents – low-income Americans who...

Will Obama’s Speech Save Jobs in Illinois?

09/09/2011
by Emily Dietrich President Obama convened a joint session of Congress Thursday night to unveil his latest jobs proposal. Almost immediately, lawmakers and political pundits levied harsh criticism. Leftists expressed fear that the President’s proposal isn’t “bold” enough. The purported $450 billion price tag doesn’t come near the $1 trillion in spending some have agitated...

Food Trucks Could Heat up Job Creation

09/06/2011
by Emily Dietrich After Illinois lost almost 25,000 jobs in July, lawmakers should do everything in their power to unleash entrepreneurs. Instead of stifling job creators with onerous laws, entrepreneurs should be released into the marketplace to compete, innovate, and create jobs. The Institute of Justice Clinic on Entrepreneurship’s new grassroots campaign My Streets! My Eats! recently spotlighted...

Balanced Budgets vs. Mass Layoffs

09/06/2011
by Kristina Rasmussen Two headlines caught my attention this morning. Headline #1: Wood County [Wisconsin] budget starts with surplus For the first time in 10 years, Wood County will enter the budget process with a surplus. The state’s budget repair bill enacted this year requires public employee contributions of 5.8 percent to retirement plans. … Looks like...

Taxed on Shipping

09/02/2011
by Kristina Rasmussen The next time you make a major purchase online, keep your eye on the tax bill. Thanks to a little-known aspect of Illinois’s tax code, shipping charges may be subject to sales taxes. That’s right, you could be getting taxed on shipping. Today’s Chicago Tribune highlights how sales taxes must be applied on shipping fees above...

Obama’s Rules Cost Illinois Jobs

09/01/2011
by Emily Dietrich Should the government tell you what to eat? When to eat? Or how much to eat? What about if it cost jobs? What if you lost your job because the government regulated who-could-eat-what? U.S. Representative Peter Roskam predicts Illinois families will be facing this exact situation. In The Chicago Sun-Times, he writes: “Illinois-based...

Illinois Ranks Next to Last

09/01/2011
by Mark Cavers A new 50 state study shows Illinois ranks second worst in the nation in a taxpayer versus big labor index. Last week, the Competitive Enterprise Institute launchedwww.workplacechoice.org, a comprehensive ranking across “23 individual aspects to determine the degree to which states favor organized labor and which favor taxpayers.” No surprise here, out...