Though Baxter International Inc. has denied reports that it is considering relocating to Boston, Illinois officials are in damage-control mode to ensure that the Deerfield, Ill.-based company stays put. On Aug. 27, the Boston Business Journal reported that Baxter, a biotech giant that has been based in Illinois since the 1930s, is looking to make a...
Fireworks are a staple in America’s celebration of its Independence Day. But good luck buying any in Illinois. For yet another year, the Land of Lincoln is one of only eight states in the country that doesn’t allow the purchase of consumer fireworks. Illinois’ Pyrotechnic Use Act bans the sale, possession and use of those...
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...
Before ObamaCare, there was RomneyCare, the Massachusetts model upon which ObamaCare was built. This week, Massachusetts announced that it is scrapping its failed state-funded exchange website. The state will simultaneously merge with the federal healthcare.gov site and attempt to build another state exchange website before open enrollment season for 2015 coverage which begins in the...
The structure of a limited liability company, or LLC, offers great advantages for small businesses, such as allowing start-ups and small businesses to avoid the extra tax burdens of corporations. At the same time, the LLC structure protects the owners from the excessive liability of sole proprietorships and partnerships. In Illinois, the LLC is burdened...
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,...
If you want to start a small business in Illinois, there are different forms your new business can take. For example, you can have a sole proprietorship, a partnership, a corporation or a limited liability company, or LLC. The LLC is a relatively recent innovation that has advantages over the corporate form, and it can...
In a weekend appearance on Las Vegas PBS’s “Vegas Week in Review,” Sen. Harry Reid, D-Nevada, not only admitted that ObamaCare is designed to fail; but he also admitted that the law is one step toward a single-payer health care system. This admission should be added to the growing pile of ObamaCare’s broken promises. Just as many of the law’s...
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...