Illinois’ burdensome tax climate for businesses will continue to hold the state back from creating jobs and growing the economy in 2015. The Tax Foundation issued its 2015 State Business Tax Climate Index, reporting that Illinois dropped two positions in the ranking since last year, to 31st from 29th. Prior to 2011, Illinois steadily ranked...
Illinois is ready to boom. That is the single most important fact about Illinois’ jobs climate and economy as a whole. However, Illinoisans have been held back by policy errors that have plagued the state for decades, especially since the Great Recession. Policy errors are causing tremendous pain for Illinoisans, but that pain can be...
Kankakee County already has one of the highest average property tax rates in the country. In 2012, the Tax Foundation ranked Kankakee County as having the 79th-highest property taxes in the nation out of more than 800 of the largest counties in the U.S. Soon, Kankakee County could have one of the highest sales-tax rates...
Denial— a failure to acknowledge an unacceptable truth or emotion or to admit it into your consciousness, used as a defense mechanism. Illinois’ Senate Democrats launched a website called “I Like Illinois.” The explicit purpose of the site, according to their tweets, is to “counter negativity of Illinois Policy Institute.” This purpose is ironic, given...
People who don’t like the lawlessness displayed by the Obama administration in its implementation of the Affordable Care Act have something to celebrate. On Sept. 30, a federal court in Oklahoma ruled that the Affordable Care Act means what it says: ObamaCare insurance subsidies are only available in states that have established their own health-insurance...
Since the Great Recession ended, Illinois’ food-stamp enrollment has outpaced job creation by a ratio of nearly 2-to-1. The jobs versus food stamps comparison is a strong indicator of economic hardship. And compared to the rest of the Midwest, Illinoisans are truly feeling the pain. Since the Great Recession ended, Illinois is the only state...
A few weeks ago, Frank Manzo IV of the Illinois Economic Policy Institute teamed up with Robert Bruno from the University of Illinois Labor Education Program to release yet another demonstration of how sophisticated mathematical analysis can’t fix bad data. Their report, titled “Free Rider States: How Low-Wage Employment in Right to Work States is...