Like so many Illinoisans working in a stagnant state economy, state lawmakers will not receive pay raises this year. But House Speaker Mike Madigan and Senate President John Cullerton will still receive bonuses in excess of $25,000.
Three facts prove that sensible spending coupled with pro-growth reforms is the solution to the current crisis. 1. Illinois has a spending problem. Not a revenue problem. If Illinois spending had grown at the same rate as inflation and Illinois’ population, the state’s expenditures would have been $8 billion less than they were in 2014. Extending...
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...