John Cullerton

Will Illinois legislators break their promise to reduce taxes?

05/31/2013
by Ted Dabrowski and Paul Schumacher In 2011, when Illinois legislators passed the largest income tax increase in the state’s history, they promised to roll back the increase beginning in 2015.  “We have some temporary tax increases that are designed to pay our bills, get Illinois back on fiscal sound footing and make sure that our state...

Moody’s warns Illinois credit rating could fall without pension reform

05/31/2013
In what’s become a habit for Moody’s Investors Service, the credit rating agency warned today that Illinois faces more credit downgrades if it fails once again to reform its state-run pension systems. The state already has the lowest credit rating in the nation. This means Illinois pays more to borrow money than any other state. But what’s...

Cullerton’s pension plan full of flawed logic

By Jonathan Ingram
05/30/2013
A union coalition opposed to pension reform is arguing that a plan advanced by Senate President John Cullerton would save $26 billion more in retiree health care coverage costs than a plan backed by House Speaker Michael Madigan. From the Associated Press: A study by the We Are One Illinois coalition shows that if half of...

Clock is ticking in Springfield

By Matt Paprocki
05/28/2013
There are four days of legislative session remaining, during which time state lawmakers will debate many important issues that affect taxpayers in the state of Illinois. Here is what you need to know going into the last week of session. No budget … yet At this point in session, a state budget proposal is usually...

Capitol Updates: May 20 week in review

By Jane McEnaney
05/20/2013
This was an eventful week in Springfield. Though pension negotiations between House Speaker Mike Madigan and Senate President John Cullerton remain at an impasse, the General Assembly passedSenate Bill 2356, which raises the speed limit on Illinois’ tollways and interstates to 70 mph, up from 65 mph. Gov. Pat Quinn remains noncommittal on this issue. Here’s a look at some of the legislative...

Capitol Updates: May 6 week in review

By Jane McEnaney
05/11/2013
Both chambers were in session this week in Springfield. Moratorium on virtual schools passes out of committee On Tuesday afternoon, House Bill 494 passed out of the Senate Subcommittee on Charter Schools and was subsequently approved by the full Senate Education Committee. The Illinois Policy Institute’s Executive Vice President Kristina Rasmussen and Director of Education Reform Josh Dwyer attended both...

Capitol Updates: April 29 week in review

By Jane McEnaney
05/03/2013
This was an eventful week in Springfield with both chambers in session. Virtual charter school moratorium bill moves to Senate subcommittee The Senate Education Committee did not hear House Bill 494 during its hearing on Tuesday, so the Illinois Policy Institute’s Vice President of Policy, Ted Dabrowski, was unable to testify in opposition to the bill as planned. Instead,...

Money grab: Progressive income tax

By Benjamin VanMetre
02/20/2013
Progressive Income Tax: Money grab disguised as tax reform The same forces that helped Quinn land the governorship in 2010 and raise income taxes in 2011 are laying the groundwork for a progressive tax initiative. They want to make the temporary 2011 tax hike permanent and tax certain individuals at ever-higher marginal rates. Proponents of...