The Problem Illinois families should be wary of plans to hike taxes at the state level that would all but wipe out the benefits of the bipartisan tax compromise between President Barack Obama and Congressional Republicans. In federal legislation that extended the Bush-era tax cuts, and also included a payroll tax cut, a four-member family...
by Collin Hitt Illinois lawmakers are considering raising the state income tax. Different plans have emerged, but each would damage Illinoiss economic recovery. The plan that has been discussed the longest is one that would raise Illinoiss individual income tax from three to four percent, a 33 percent increase. More recent tax plans have emerged that...
On the same day the General Assembly abolished the death penalty, lawmakers also implemented the death penalty on Illinoiss economy and taxpayers by passing a 67 percent income tax hike in the face of overwhelming public opposition.
With an influx of new state officers this month, four states may soon be joining the multi-state lawsuit challenging the constitutionality of ObamaCare.
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.