Politicians pledged to rebuild decaying roads and bridges if taxpayers paid just a little bit more, but too often the funds were misused and the promises meant little.
Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...
Two areas of Illinois faced the same COVID-19 threat but received very different treatment from the governor. One is home to a political power base he needs to pass his progressive income tax in November.
Voters can expect to be bombarded by claims about the ‘fair tax’ until Nov. 3 – but what are the facts? Proponents have made misleading claims in hopes of convincing Illinoisans to do away with the flat tax.
The progressive tax’s structure fails to account for inflation and includes a marriage penalty for 4 million Illinoisans. It is designed to creep farther into taxpayers’ wallets.
Despite potential political repercussions, a growing list of Democrats are demanding Mike Madigan resign his leadership positions after he was implicated in a ComEd corruption scheme.