Michigan

While Illinois Considers Raising Taxes, Neighbors Plan to Cut

By Chris Andriesen
11/23/2010
by Wesley Fox While several of Illinois’s neighbors are moving towards cutting taxes to help promote economic growth and job creation, Governor Quinn is pushing hard for an increase in the individual income tax rate to help “solve” Illinois’s budget problems.  If he is successful, Illinois may be the only state in the region that will...

Spotlight on Spending #17: Nationwide Executive Officer Salary Comparison

By Chris Andriesen
11/17/2010
The Problem Previous Institute reports have shown how officials within Illinois’s legislative and judicial branches are paid significantly higher than national averages. Illinois state representatives and senators earn a base salary of $67,836—the fifth-highest legislator salary in the country. Only California, Michigan, New York and Pennsylvania pay their legislators more. Judges serving on the state’s...

Key Facts about Illinois

By Chris Andriesen
11/01/2010
The Problem With its resources, location, expansive farmland, and first-class towns and cities, Illinois should be a leading economic powerhouse in the United States. Unfortunately, thanks to an unfriendly business and regulatory climate, Illinois has been underperforming for years. “Rich States, Poor States,” a comprehensive economic performance index authored by Steve Moore, Art Laffer, and...

Detroit’s Train to Nowhere?

10/15/2010
by Amanda Griffin-Johnson According the 2010 ALEC-Laffer State Economic Competitiveness Index, Michigan ranks 50th for economic performance, 50th for personal income growth per capital, and 50th for job growth. Detroit has lost half of it’s population since 1950 and was the 2009 “murder capital.” Is this the time or place for new light rail construction? From Reason.tv: The Motor City...

Individual Mandate Constitutional?

10/08/2010
by Amanda Griffin-Johnson Yesterday in Michigan, U.S. District Judge George Caram Steeh ruled that the individual mandate in the new health care legislation is constitutional because it does not constitute “an improperly apportioned direct tax.” While the legal battle is far from over, portions of his ruling are quite telling. The Hill reports: Steeh also notes that, without...

The Cost of Income Taxes

10/05/2010
by Ashley Muchow Arthur Laffer addressed a core issue regarding the economic impact of state income taxes in the WSJ today. Laffer addressed the often ignored negative impact income taxes have on state economies. Illinois’s personal income per capita decreased from 133 percent of the U.S. prior to its 1969 income tax levy,  to just 106 percent...

Illinois Poverty Level Up 24% Since 1999

09/28/2010
by Brian Costin According to the 2009 American Community Survey, “The poverty level in Illinois increased 24 percent over the past decade — to 13.3 percent in 2009, according to new data released by the U.S. Census Bureau this morning.” How could this be? While the overall economy is bad, are our policies contributing to increased poverty...

Charting the Illinois Exodus

09/16/2010
by Ashley Muchow Check it out!  The Tax Foundation released a nifty interactive tool showing state-to-state migration data for a range of years between 1993 and 2008. The tool tracks the flow of both people and their income based on IRS tax return data. You can select any state and track the net inflows and outflows to and from...

The State Un-Fair Questions and Answers

08/24/2010
by Amanda Griffin-Johnson The Institute recently released “Spotlight on Spending #9: The State Un-Fair” reviewing the Illinois and DuQuoin State Fairs between fiscal year 2001 and fiscal year 2009. There has been some confusion about the paper, and we’d like to take a blog post to help clarify some of these questions. 1. “If you can...

Spotlight on Spending #9: The State Un-Fair

By Chris Andriesen
07/29/2010
The Problem Around this time each year, Illinois residents start making plans to attend the DuQuoin and Illinois State Fairs. But these state fairs are costing taxpayers much more than their ticket prices suggest. These two state fairs have a long record of their expenditures far outweighing their revenues. Between fiscal years 2001 and 2009,...