Independence Day travel will return to pre-pandemic levels this weekend, reminding Illinoisans they pay the most for gas in the Midwest thanks to high taxes.
A tough economy and an Illinois Policy Institute report has Oak Lawn considering waiving business license renewal fees for a year. Giving up $600,000 in fees is expected to attract new businesses and help older ones.
The majority of the support for a constitutional amendment that would raise taxes on Illinoisans comes from union coffers, with nearly $5 million donated so far. Unions also funded the failed progressive tax push in 2020.
Illinoisans celebrate Independence Day by taking their fireworks business to other states, despite bans and threats at home, causing the state to lose out on jobs and revenue.
One of the state’s biggest employers is relocating their headquarters to Irving, Texas. A decade ago Caterpillar’s CEO warned state leaders of business losses unless they balanced the budget, controlled workers’ comp costs and cut taxes. He was ignored.
Since taking office, Gov. J.B. Pritzker has passed 24 tax and fee hikes worth $5.24 billion. Of that, $650 million directly targeted businesses as they fought through a pandemic economy.
Amendment 1 would enshrine permanent power for public unions in the state constitution which could mean higher taxes, higher costs, and potentially costly litigation for business owners.
Rising gas prices show no sign of stopping. Average gas prices in Illinois are more than $5 a gallon, thanks in part to the nation’s second-highest motor fuel tax.