Tax Foundation

The verdict is in: The tax hike failed – 3 reasons why

01/12/2012
One year after Illinois’ Democratic leaders pushed through a record tax hike, the grades are in. The tax hike flunked. It failed to put Illinois on sound fiscal footing. It failed at restoring confidence in government’s ability to meet serious challenges head on. It failed to strengthen the state’s economy. It failed to create opportunity...

Don’t drink but drink more: Cook County proposal would raise already high excise taxes

By Chris Andriesen
11/11/2011
The problem Cook County is facing a budget shortfall. Cook County Board President Toni Preckwinkle has rightfully earned political goodwill for proposing serious changes to how county officials spend taxpayers’ money. She has challenged public employee union bosses to come to the negotiating table, and is utilizing private sector contractors to keep costs low. However,...

Things you think are treats but really are tricks

10/27/2011
by Amanda Griffin-Johnson This time of year, children go door-to-door dressed in costumes to ask their neighbors for treats. Throughout the year, governments at the federal, state and local level provide services and programs that many look upon as treats. But considering the cost and inefficiency of some of these programs and services, are these...

April 15 is Tax Freedom Day in Illinois

By Chris Andriesen
03/30/2011
by Amanda Griffin-Johnson Today, the Tax Foundation released their annual report on the Tax Freedom Day for each of the fifty states. The Tax Freedom Day measures the number of days Americans have to work to pay for all their annual taxes at the federal, state and local level. The national Tax Freedom Day for 2011 is...

Taking Time

12/31/2010
In 2010, Illinois Citizens spent 101 days working off their state and federal taxes, the Quinn tax hike will take even more of your time.

Amazon Tax Could Put a Damper on Holiday Shopping

By Chris Andriesen
11/23/2010
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...

The Wisconsin/Illinois Jobs Spat

By Chris Andriesen
11/15/2010
Illinois Governor Pat Quinn is engaged in a jobs spat with Wisconsin Governor-Elect Scott Walker. Walker had questioned the wisdom of committing Wisconsin to additional “high speed rail” boondoogle spending (read why he’s right on the policy merits); Governor Quinn responded by trying to woo a Wisconsin-based rail firm to Illinois. Beyond targeted campaigns to win over one company or another...

Illinois Tax Amnesty. Will it Work?

10/14/2010
by Ashley Muchow A five-week tax amnesty period for those behind on their taxes this year began the 1st of this month. SB377, signed into law this summer, allows those who have accumulated back taxes between June 30, 2002 and July 1, 2009, to pay without penalty from October 1st to November 8th. Those tax...