The Amazon tax is estimated to bring in more than $200 million in additional annual tax revenue to the state, an amount that is likely to grow. This provides a perfect opportunity to repeal Illinois’ death tax to offset the new revenue growth.
Illinois’ burdensome tax climate for businesses will continue to hold the state back from creating jobs and growing the economy in 2015. The Tax Foundation issued its 2015 State Business Tax Climate Index, reporting that Illinois dropped two positions in the ranking since last year, to 31st from 29th. Prior to 2011, Illinois steadily ranked...
Everywhere they look, Chicagoans see ads urging them to switch their cellphone service. One major provider urges customers to purchase a four-line family plan with all the texting, talking and data one could possibly use for only $100 per month. But the ad fails to mention that a Chicago family would actually have to pay...
Kankakee County already has one of the highest average property tax rates in the country. In 2012, the Tax Foundation ranked Kankakee County as having the 79th-highest property taxes in the nation out of more than 800 of the largest counties in the U.S. Soon, Kankakee County could have one of the highest sales-tax rates...
Gallup released a stunning poll that shows 50 percent of Illinoisans want to leave the state, the highest percentage of any state nationally. This comes a week after Illinois’ worst-in-the nation performance in a Gallup poll that showed one in four Illinoisans consider Illinois to be the worst possible place to live. If Illinois government...
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...