Texas

Did higher taxes create the Minnesota miracle?

By Naomi Lopez Bauman
04/24/2014
A Better Illinois is claiming that the progressive tax and higher taxes on the wealthy are responsible for the “Minnesota miracle.” But the only marvels here are the impressive contortions they used in concluding that higher taxes is what holds Illinois back from impressive job growth and a budget surplus. The problem with their analysis...

Illinois’ recipe for exodus: 7 different tax structures proposed for 2015

By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Millions that migrate

By Michael Lucci
03/26/2014
House Speaker Mike Madigan has proposed an extra tax on million-dollar incomes. His proposed legislation, HJRCA51, would amend the Illinois Constitution to impose an additional tax of 3 percent on income over $1 million. This tax won’t touch any millionaires who don’t want to pay it. They’ll simply leave, and they are well-equipped to do so. The middle...

TAGS: millionaire tax, progressive income tax

Illinois has the second-worst jobless rate in the nation

By Michael Lucci
03/18/2014
Illinois’ loss of 27,600 payroll jobs in January was second-worst nationally, according to today’s release from the U.S. Bureau of Labor Statistics. Only California, which shed 31,500 payroll positions, fared worse. Texas and Ohio led the nation in adding payroll jobs.   Illinois is one of six states with an unemployment rate significantly above the...

TAGS: jobs, unemployment

Illinois vs. Texas – the scorecard

By Michael Lucci
02/26/2014
CNN’s Crossfire hosted a Texas vs. Illinois debate on Friday. The debate ranged from health care and fracking to the minimum wage and job creation. A new ad was unveiled that will roll out in Illinois to entice businesses and workers to move down to Texas. This would be nothing new, as Illinoisans have been...

Illinois unraveling

02/20/2014
Until the mid-1900s, people from across the world stampeded into Illinois in search of opportunity. Workers from rural America came to build Pullman cars, erect skyscrapers and fill factories. Immigrants from Eastern Europe arrived in search of economic freedom. And laborers left the agrarian South to participate in America’s industrialization. Illinois’ population doubled from 1900...

Texas surpasses Illinois in median household income

By Michael Lucci
02/10/2014
The common refrain made against Texas by those who defend the status quo in Illinois is that the jobs being created in the Lone Star State are lower-paying and less-rewarding opportunities. But not anymore. Texas is now unquestionably besting Illinois in providing for the middle class. According to the U.S. Census Bureau, in 2012 the inflation-adjusted...

Illinois lost payroll jobs and employment declined between 2009 and 2012

By Michael Lucci
02/03/2014
The office of Governor Pat Quinn is claiming victory off a study released Thursday by CareerBuilder and Economic Modeling Specialists International. The study shows that Illinois ranked third-highest nationally in the creation of net new business establishments from 2009-2012. An establishment is defined as a single location that produces some form of economic activity, and...

TAGS: jobs, unemployment

Illinois’ ‘obesity epidemic’

By Brian Costin
02/01/2014
In a recent editorial, Better Government Association, or BGA, President Andy Shaw debates examines Illinois’ “obesity epidemic.” But bulging waistlines are not the target of Shaw’s ire. Instead, he complains about Illinois’ abundance of taxing bodies. “This is about a state that’s morbidly obese when it comes to government: Illinois has nearly 7,000 separate taxing...

TAGS: local government

Illinoisans flee the state for neighboring Indiana, Missouri and Wisconsin

By Michael Lucci
01/24/2014
The story of Illinois’ steady out-migration problem is well known, but just where are Illinoisans moving to? Is the outflow driven entirely by retirees and beach-goers moving to Florida? Not according to the U.S. Census Bureau, which just released its 2012 American Community Survey of state-to-state migration flow data. These data use census surveys to...

TAGS: population