Caterpillar HQ leaving for Texas, decade after CEO warned Illinois

By Dylan Sharkey

06/15/2022

One of the state’s biggest employers is relocating their headquarters to Irving, Texas. A decade ago Caterpillar’s CEO warned state leaders of business losses unless they balanced the budget, controlled workers’ comp costs and cut taxes. He was ignored.

TAGS: Caterpillar, jobs, outmigration, taxes

Cooling down an overheated US economy doesn’t have to be painful

By Orphe Divounguy

06/03/2022

As jobs growth and wage growth show signs of slowing, tax and regulatory changes could help prevent economic pain.

TAGS: economy, Federal Reserve, Illinois, inflation

Neighbor states pursue real tax reform as Pritzker offers election-year gimmicks

By Justin Carlson

05/03/2022

While Illinois settles for Pritzker’s temporary relief that mostly expires after the November election, its neighbor states are making long-term changes to help grow their economies.

TAGS: Illinois, Midwest, taxes

Illinois’ 2nd-highest gas taxes drive motorists, business across state lines

By Patrick Andriesen

04/19/2022

Drivers save 45 cents a gallon on gas by filling up at a station across the state line in Missouri, thanks to Illinois boosting gas taxes to No. 2 in the U.S. Gas station owners said Illinois drivers are filling up in other states.

TAGS: gas tax, JB Pritzker

Illinois’ state, local tax burden highest in Midwest after 2nd-largest increase in U.S.

By Bryce Hill

04/11/2022

The effective state and local tax burden in Illinois has risen from 11.2% in 2019 to 12.9% in 2022. It is now the nation’s seventh highest.

TAGS: Illinois, tax burden

Illinoisans pay highest sales taxes in Midwest, 8th highest in nation

By Bryce Hill

02/28/2022

Illinois’ combined state and average local retail sales tax rate topped 8.8% in 2022. That’s the 8th-highest in the nation and the highest in the Midwest.

TAGS: Chicago, Illinois, sales tax

House bill would lower property taxes by trimming Illinois government waste

By Justin Carlson

02/03/2022

Illinois leads the nation in local government bloat, with over 6,000 taxing bodies. The Citizen’s Empowerment Act, sponsored by Illinois House Rep. Jonathan Carroll, would make it easier for Illinois taxpayers to dissolve unnecessary layers of government.

TAGS: Illinois, Jonathan Carroll, local government consolidation, property taxes, waste

Illinois Forward 2023: Only pension, budget reform can save taxpayers when federal aid ends

01/30/2022

Published Jan. 30, 2022

Illinois Forward 2022: COVID-19 makes pension reform imperative to protecting taxpayers, services for vulnerable Illinoisans

By Adam Schuster

03/17/2021

Illinois has a chance to fix its state finances, thanks to federal relief. But unless pension growth is brought under control, both retirees and taxpayers will be at risk as debt continues to consume state services.

Illinois’ sobering ‘sin taxes’ are among the nation’s highest this New Year’s

12/23/2020

Excise taxes have failed to improve Illinoisans’ health while creating an undue burden for those with the least. But lawmakers have yet to kick the habit.

TAGS: alcohol tax, cigarette tax, gas tax, sin taxes

Tax Foundation

Caterpillar HQ leaving for Texas, decade after CEO warned Illinois

Cooling down an overheated US economy doesn’t have to be painful

Neighbor states pursue real tax reform as Pritzker offers election-year gimmicks

Illinois’ 2nd-highest gas taxes drive motorists, business across state lines

Illinois’ state, local tax burden highest in Midwest after 2nd-largest increase in U.S.

Illinoisans pay highest sales taxes in Midwest, 8th highest in nation

House bill would lower property taxes by trimming Illinois government waste

Illinois Forward 2023: Only pension, budget reform can save taxpayers when federal aid ends

Illinois Forward 2022: COVID-19 makes pension reform imperative to protecting taxpayers, services for vulnerable Illinoisans

Illinois’ sobering ‘sin taxes’ are among the nation’s highest this New Year’s

Chicago Forward 2026: A pro-growth plan to end city budget deficits

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students