The Wall Street Journal

A Simple Solution for Mr. Buffett’s Tax Problem

09/20/2011
by Kristina Rasmussen Warren Buffett recently took to the opinion pages of the New York Times to decry America’s unfair tax system. According to his calculations, his effective tax rate is around 17 percent while his the people in his office pay effective rates averaging 36 percent. His solution? Washington should hike his taxes. And yours, while they’re...

Illinois Needs to Learn to Fix Its Schools

06/13/2011
by Aon Hussain Just last week, the Chicago Sun Times published an interesting article about the state of rising teacher salaries. In some parts of Illinois, it is not uncommon to see some teachers earning six figures. In addition to high teacher salaries, administrators of various school districts are making a lot of money even as school...

What Governor Quinn’s Income Tax Hike Means to You

12/31/2010
by Collin Hitt Illinois lawmakers are considering raising the state income tax. Different plans have emerged, but each would damage Illinois’s economic recovery.  The plan that has been discussed the longest is one that would raise Illinois’s individual income tax from three to four percent, a 33 percent increase.  More recent tax plans have emerged that...

December Unemployment Report Shows Little Improvement

12/31/2010
The Labor Department report indicated the U.S. economy added 103,000 jobs in December. The Report also indicated the national unemployment rate dropped slightly. Although this sounds positive, there are a few things one must keep in mind.

Government salaries have received significant interest in recent months

By Chris Andriesen
11/30/2010
by Kate Piercy The Illinois Policy Institute has highlighted various instances where Illinois government employees are paid above national averages and much of the time land in the highest earners rankings. Our legislators, allexecutive officers, including the governor, and judges, make some of the highest salaries compared to counterparts nationwide. The Wall Street Journal today discussed President Obama’s recent...

Top Margin Income Tax Hikes Do Not Increase Revenue

By Chris Andriesen
11/29/2010
by Ashley Muchow History has shown us that increasing the top margin personal income tax rate has done little to impact tax revenues. Indeed, over the past 60 years, tax revenues as a percentage of GDP have averaged just under 19.5 percent even when the top marginal tax rate has fluctuated from its 92% peak in...