Combine the corporate tax rate President Joe Biden wants to fund his infrastructure plan with Illinois’ tax, and the resulting rate would be 35.4% – fifth highest in the nation and second in the Midwest.
More small businesses have closed in Illinois than in any other Midwestern state, except Michigan. Taxing them more as they struggle is the wrong move.
Sen. Feigenholtz’s Senate Bill 2068 would add Illinois to 34 other states participating in the Nurse Licensure Compact. Career moves, volunteer work and pandemic relief would all benefit.
The pandemic has affected everyone, but the economic fallout has been especially devastating for specific groups. In addition to retailers, restaurant owners and other small business owners, women, working mothers and Black Illinoisans suffered the worst in terms of job losses.
Illinois worst-in-the-nation public pension debt grew 19% year over year. It will continue hurting the state economy and job growth, driving more people out of Illinois, unless there are reforms.
Illinois Gov. J.B. Pritzker plans another year of flat education spending. The reality is the cash reaching classrooms is dwindling as pensions and administration eat more.
The budget proposal includes no reforms to pensions or other cost drivers, misleadingly labels various business tax increases as ‘closing corporate tax loopholes,’ and relies on gimmicks that conceal true deficits. And there’s a new gas tax.
Mike Madigan quit as Democratic Party of Illinois chairman a day after picking his successor for the Illinois House, four days after resigning as representative and one month after he was ousted as the nation's longest-serving Statehouse speaker.
A new Illinois Policy Institute analysis finds that adults with no spouse and living with children are most likely to live below the poverty line. Education matters just as much.