by Kate Piercy Section 1604 of the American Recovery and Reinvestment Act of 2009 (AARA) specifically prohibits funds from flowing to certain entertainment and recreation projects. Does a casino, aquarium, zoo, golf course, or swimming pool sound like recreation or entertainment to you? Rep. Darrell Issa (R-CA), Ranking Member on the Committee on Government Oversight and...
by Joe O’Malley It is no wonder residents of Cook County are fleeing to other states. USA Today highlights a recent study that shows just how costly it is to do business in Chicago. The study focused on the local taxes that impact business travelers, such as taxes from hotels, rental cars, and meals. It found that...
by Kristina Rasmussen “Oregon Raises Taxes, But Budget Situation Worsens.” There’s a lesson here for tax hikers in Illinois. Amber Gunn has the story in the August edition of Budget & Tax News: Oregon voters in January approved significant personal and corporate income tax hikes. The predicted increases in revenue have failed to materialize, however, and now the state...
The Problem Illinois’s minimum wage, already high at $8.00 an hour, is set to increase by another 25 cents on July 1, 2010. This ill-timed hike in the minimum wage will hurt low-skilled workers and the small business owners who want to employ them. With each of Illinois’s neighboring states having a lower minimum wage,...
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.