by Lawrence J. McQuillan, PhD Chief Economist The Chicago Teachers Union (CTU) is on strike to get, among other things, more pay. They originally asked for a 30 percent pay raise. The current offer on the table is a 16 percent pay hike over four years. They don’t deserve a penny increase. In fact, they deserve a...
by Emily Dietrich Yesterday’s headline in the Chicago Tribune, “Illinois Among Worst States to do Business,” encapsulates what’s been on the minds of countless job creators and job seekers across the state. A new study by the Development Counsellors International reports that of the 322 U.S. corporate executives surveyed, nearly one quarter viewed Illinois as having one of...
While governors in New York and Wisconsin are stirring up much antagonism from state and local employees after making sizable cuts to stave off fiscal calamity, Illinois's Governor is adding hundreds to the state payroll.
by Ashley Muchow The holidays are just around the corner–the smell of turkey and apple pie are in the air. As you begin documenting the expansive list of gifts to get grandma, aunt Carol, or your beloved grandson, consider this: Illinois legislators are considering a bill that would make shopping online for these loved ones...
by Kristina Rasmussen Earlier today I testified at a House Revenue committee hearing on the matter of online taxation. Up for consideration was SB 3353, and more broadly, the hearing served as a review of attempts to use online affiliates of Internet retailers to establish physical nexus for taxation purposes. So what’s at stake? Some want to impose so-called...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.