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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

Illinois: $27 billion in tax increases since 2011

05/21/2014
A new report by Americans for Tax Reform shows that Democratic governors have enacted more than $58 billion in tax increases since 2011. Republican governors, on the other hand, have collectively signed more than $36 billion in tax cuts. Maryland Gov. Martin O’Malley, one of the nation’s top five most tax-happy governors, has signed 29 tax increases...

Madigan and Illinois’ million-man migration

By Michael Lucci
05/21/2014
Gubernatorial candidate Bruce Rauner publicly opposes the tax-hike plan championed by Gov. Pat Quinn and House Speaker Mike Madigan. Rauner claimed that raising income taxes again in 2015 will cause more businesses and people to flee the state. Madigan fired back at Rauner with one of the most poorly-conceived statements of this campaign season. Madigan...

Illinois loses 6,800 payroll jobs in April, while Texas gains 64,100 jobs

By Michael Lucci
05/16/2014
Illinois lost 7,800 private-sector jobs in April, and the state jobless rate fell to 7.9 percent, according to the Bureau of Labor Statistics. Illinois remains the worst in the Midwest and third-worst nationally for joblessness. Illinois’ private-sector jobs loss came against a gain of 1,000 government jobs, leaving the state with a net loss of...

CEOs sound off on Illinois’ business climate

By Michael Lucci
05/12/2014
CEOs of major U.S. corporations went on record in Chief Executive Magazine’s “2014 Best and Worst States for Business.” Business leaders pulled no punches in their description of Illinois, going so far as to compare doing business in Illinois to doing business in a third-world country. The publication ranked Illinois at the bottom of the...

U-Haul moving rates shine a light on out-migration

By Michael Lucci
05/05/2014
Illinois has a domestic migration problem. The state is losing too many people. Illinois has lost more people to other states than it gained in every single year since 1985 . And in every year, the people who left earned more money than the people who entered. The Internal Revenue Service released new migration data...

1 in 4 Illinoisans think state worst place to live in U.S.

By Naomi Lopez Bauman
04/28/2014
Illinoisans are frustrated. But the depths of that frustration may not have been evident until now. According to a recent Gallup survey: “Illinois has the unfortunate distinction of being the state with the highest percentage of residents who say it is the worst possible place to live. One in four Illinois residents (25%) say the state is...