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Illinois should strive for better marks on hair-braiding regulations

By Bryant Jackson-Green
07/18/2014
The state of Illinois received a near-failing grade for the quality of its natural-hair-braiding licensing rules, according to a new study released by the Institute for Justice. The study overviews natural-hair-braiding (a popular beauty practice among African and African-American communities in the U.S.) regulations in every state in the country, ranking each one based on...

TAGS: licensing, occupational licensing, regulations, small business

End the crony slush fund that is the Ex-Im Bank

By Bryant Jackson-Green
07/14/2014
An important debate about the future of the Export-Import Bank of the United States is raging in Congress and in the media. The House Financial Services Committee held a hearing last month to ask if the bank was “corporate necessity or corporate welfare?” The Ex-Im Bank originated as a New Deal-era program, financing loans to...

Make Chicago a 24-hour city

By Michael Lucci
07/14/2014
Chicago needs entrepreneurs. But too often, the city slows them down or chases them out of town. The “City that Works” doesn’t work for startups. A simple process is necessary so that startups in Chicago can get off the ground and start working, hiring and paying taxes. One good place to start is to make...

Illinois’ jobs report card

By Michael Lucci
06/30/2014
It’s report-card season in Illinois, as the journey and efforts that began last August have come to fruition for students across the state. State governments can be graded too, in particular on the subject of jobs. How Illinois fares on job creation is critically important for local high school and college seniors, who have just...

Chart of the week: Waning entrepreneurial spirit in Illinois

By Naomi Lopez Bauman
06/27/2014
According to a recent Gallup survey, only 60 percent of Illinoisans believe that this is a good state to start a business. Not only do we have one of the most negative views in the nation, but it stands in stark contrast to booming states such as North Dakota and Texas, where more than 80...

Illinois private-sector payrolls fall by 5,400 as workers leave workforce

By Michael Lucci
06/20/2014
Illinois’ unemployment rate fell to 7.5 percent from 7.9 percent month-over-month, according to the Bureau of Labor Statistics’ most recent household survey. But there’s no reason to celebrate. Payroll jobs shrank by 2,600, with a loss of 5,400 private-sector jobs and an increase of 2,800 government jobs. The decline in the unemployment rate was driven...

TAGS: BLS: Bureau of Labor Statistics, unemployment

Small businesses give Illinois an F

By Michael Lucci
06/16/2014
The 2014 Thumbtack.com Small Business Friendliness Survey asked 13,000 small businesses across the U.S. to grade the friendliness of their state and locality. Illinois businesses gave the Land of Lincoln an F. Ever the golden child, Chicago earned a D+. These grades are unacceptable. Illinois’ small businesses are sounding the alarm for what’s causing Illinois’...

Illinois should repeal the death tax

By Michael Lucci
06/03/2014
Of all Illinois’ taxes, its death tax is the most morbid. Only 15 states in the U.S. levy a tax on death, and Illinois has the second-highest rate. Death taxes include estate and inheritance taxes. They hit certain Illinois families hard. Farmers, investors and business owners often need substantial assets to generate a moderate income....

Madigan’s millionaire tax returns

By Naomi Lopez Bauman
05/22/2014
House Speaker Mike Madigan couldn’t get a progressive tax hike on the November ballot. His next effort, to get an extension of the tax hike, has failed so far. Now, he is back with yet another money-grab scheme. Madigan has proposed an advisory referendum on the fall ballot proposing a millionaire surcharge. (An advisory referendum...

TAGS: millionaire tax