The array of six tax-hike proposals adds up to more than the state’s total projected general-fund spending in fiscal years 2016, 2017 and 2018 – combined.
Action, or lack thereof, on the 2011 income-tax hikes, a minimum-wage increase, SEIU training and more affect Illinoisans in the wake of a lame-duck death.
“It just seemed wrong to me, that you would deny a woman, or a person of color, or someone from downstate, a seat on this governing board, just based on who they happen to be, as opposed to their merit and their talent.”
Legislation being advanced by state Rep. Robyn Gabel, D-Chicago, would attempt to cover costs by charging a fee on every health-insurance plan sold through the state-funded health insurance exchange. This funding mechanism is likely to be insufficient. In fact, the new state tax on insurance plans may need to be three times the amount currently under consideration to truly cover administrative costs.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...