The holiday season is a time for giving. And, by the time Illinoisans complete their shopping, they’ll have given plenty – to state and local governments.
With the ratification of the 21st Amendment, 1933 marked the end of Prohibition in the United States. But that hasn’t stopped the Land of Lincoln from serving a cocktail of prohibitive regulations on alcoholic beverages.
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...