A federal judge ruled Cook County is illegally settling minor property tax debts by seizing the full value of properties. Illinois law still allows the practice.
If Illinois state lawmakers are not going to spend the $3.3 billion sitting in the state’s road fund, drivers should get a break from the taxes going into it. Illinois gasoline taxes are No. 2 in the U.S.
Across Illinois, homeowners are losing their homes and all their equity over minor tax debts, with private investors reaping the profits. Illinois is one of the remaining states hasn’t reformed this unconstitutional practice.
With the budget facing a potential $1.2 billion deficit, some ideas on the table include taxing deliveries from companies such as Amazon and digital ads.
If Illinois state lawmakers follow the Chicago Teachers Union’s push for a 7.92% base corporate tax rate, it can severely hurt Illinois’ competitiveness. Job creators do not need another reason to abandon Illinois.
The Chicago Teachers Union and its partners are pushing nine new or higher taxes that could end up costing Illinoisans $7.3 billion more starting July 1. Their scheme to fill a proposed state budget deficit is likely to backfire and shrink the tax base.
Illinois’ inefficient spending on its transportation needs led the state to spend more as its roads got worse. But there is a solution if the state can minimize politics in the decision process and prioritize public need.