The Amazon tax is estimated to bring in more than $200 million in additional annual tax revenue to the state, an amount that is likely to grow. This provides a perfect opportunity to repeal Illinois’ death tax to offset the new revenue growth.
The House Energy and Commerce Committee wants answers. According to a June 3 letter from committee leaders to U.S. Department of Health and Human Services Secretary Kathleen Sebelius, lawmakers are seeking details on how and why several state-run health care exchanges have failed. They want to know why the administration awarded more than $1 billion...
A new report by Americans for Tax Reform shows that Democratic governors have enacted more than $58 billion in tax increases since 2011. Republican governors, on the other hand, have collectively signed more than $36 billion in tax cuts. Maryland Gov. Martin O’Malley, one of the nation’s top five most tax-happy governors, has signed 29 tax increases...
Some bad ideas just won’t stay dead. Despite reasonable opposition from both sides of the aisle in Springfield, some political activists are continuing to push the idea of a state-based health insurance exchange. Illinois has a state-federal partnership exchange currently. At a time when the state’s health-care bureaucracy was caught paying Medicaid benefits on behalf of dead...
House Speaker Mike Madigan has proposed an extra tax on million-dollar incomes. His proposed legislation, HJRCA51, would amend the Illinois Constitution to impose an additional tax of 3 percent on income over $1 million. This tax won’t touch any millionaires who don’t want to pay it. They’ll simply leave, and they are well-equipped to do so. The middle...
With 42,336 elected officials as of 1992, Illinois has nearly 12,000 more state and local elected politicians than any other state. Amazingly, with this unprecedented wealth of legislators Illinois hasn’t been able to adequately address some of its most dire problems. Illinois still ranks near the bottom of the nation in numerous key economic indicators,...
Does President Barack Obama think House Republicans should form a union? If not, it’s hard to make much sense out of his latest speech at a business in Rockville, Md., in which he equated House Republicans’ decision not to support a budget that would fund ObamaCare to disgruntled workers going on strike: If you are...
The real story behind Illinois’ decade of fiscal and governance crises is that the number of jobs is shrinking and food stamps are taking their place. Illinois’ massive pension debt, perennial overspending and high taxes are squeezing out the private sector and jobs, while Springfield’s dysfunction and the state’s collapsing credit rating are destroying investor...
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...