The WSJ calls the bill that recently passed out of the Illinois legislature and important first step toward fixing Illinois public pension funding problem.
On March 10, 2010, Governor Pat Quinn announced plans to increase Illinois’s state income tax by 33 percent. Illinoisans would be forced to send a greater share of their earnings to state coffers. By asking Illinois taxpayers to send more of their money to government, Governor Quinn is implying that there’s room to cut from...
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.