Indiana

Madigan and Illinois’ million-man migration

By Michael Lucci
05/21/2014
Gubernatorial candidate Bruce Rauner publicly opposes the tax-hike plan championed by Gov. Pat Quinn and House Speaker Mike Madigan. Rauner claimed that raising income taxes again in 2015 will cause more businesses and people to flee the state. Madigan fired back at Rauner with one of the most poorly-conceived statements of this campaign season. Madigan...

Burnham’s $650K corruption scandal a lot like Dixon’s

By Brian Costin
05/14/2014
When it comes to government corruption, history often repeats itself in Illinois, both in terms of types of corruption and the failure of government to implement policies that could prevent it. Recently, federal authorities charged the village of Burnham’s long-time village clerk, Nancy Dobrowski, with stealing over $650,000 in funds from local taxpayers. Allegedly, Dobrowski...

CEOs sound off on Illinois’ business climate

By Michael Lucci
05/12/2014
CEOs of major U.S. corporations went on record in Chief Executive Magazine’s “2014 Best and Worst States for Business.” Business leaders pulled no punches in their description of Illinois, going so far as to compare doing business in Illinois to doing business in a third-world country. The publication ranked Illinois at the bottom of the...

Top 6 things legislators in Springfield don’t want you to know

By Donovan Griffith
04/25/2014
1. A supermajority means the rules do not apply When it comes to running a state, there is a long list of rules and parliamentary procedures the government must abide by during its everyday operations. These rules govern everything from how votes are taken to how bills are read and are in place to protect...

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

Illinois’ recipe for exodus: 7 different tax structures proposed for 2015

By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...

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

Illinois’ comeback: The real facts

By Benjamin VanMetre
03/26/2014
JOB CREATION: Since 2010, Illinois has recovered only 215,800 jobs, which is 42,000 fewer than Gov. Pat Quinn’s claim of 257,400. More importantly, Illinois is the only state in the Midwest that had fewer payroll jobs in January 2014 than it did when Quinn took office in January 2009. UNEMPLOYMENT: Illinois has the second-highest unemployment...

Indiana-Illinois border war

By Michael Lucci
03/17/2014
Indiana cut taxes again last week. And it gained another Illinois business. On Thursday, Indiana cut business taxes, including a reduction in the corporate rate. That came on the heels of AM Manufacturing Co.’s announcement that it will move from Illinois to Indiana. AM Manufacturing Co. is a family-owned machine manufacturer. AM Manufacturing will move...

TAGS: Indiana, jobs, taxes, unemployment

Illinois businesses face another tax hike

By Benjamin VanMetre
03/13/2014
Lawmakers in Indiana are pushing to cut the state’s corporate income tax rate to 4.9 percent in 2019 from 6.5 percent in 2015. If successful, the legislation would give Indiana one of the most competitive corporate income tax rates in the Midwest. Corporations in Illinois currently pay 9.5 percent of their income to the state...

TAGS: fair tax, income tax, progressive income tax