United States Senate

Moody’s warns Illinois credit rating could fall without pension reform

05/31/2013
In what’s become a habit for Moody’s Investors Service, the credit rating agency warned today that Illinois faces more credit downgrades if it fails once again to reform its state-run pension systems. The state already has the lowest credit rating in the nation. This means Illinois pays more to borrow money than any other state. But what’s...

ObamaCare: if it’s not good enough for Congress, it’s not good enough for Illinois

05/30/2013
by Diane Cohen Under a 2010 amendment to the Patient Protection and Affordable Care Act, or PPACA, authored by U.S. Sen. Charles Grassley, R-Iowa, congressional leaders and their staffers are required to purchase health insurance from an ObamaCare exchange. Turns out Congress is having second thoughts. With the individual mandate set to take effect on...

Clock is ticking in Springfield

By Matt Paprocki
05/28/2013
There are four days of legislative session remaining, during which time state lawmakers will debate many important issues that affect taxpayers in the state of Illinois. Here is what you need to know going into the last week of session. No budget … yet At this point in session, a state budget proposal is usually...

Illinois speed limit hike goes to Gov. Quinn

05/22/2013
by Brian Costin The Illinois House voted by an 85-30 margin to raise the state’s speed limits today. Previously, the bill was approved in the Senate by a 41-6 margin. If Gov. Pat Quinn signs this legislation, the speed limit on tollways and interstates would be raised to 70 mph, up from 65 mph. The maximum speed limit...

Dick Durbin’s double standard on IRS targeting conservative organizations

05/19/2013
by Brian Costin The story of the Internal Revenue Service targeting conservative-leaning organizations for special scrutiny in nonprofit status is one of the biggest scandals to hit Washington, D.C., in my lifetime. Even U.S. Sen. Dick Durbin – an Illinois Democrat – has weighed in with outrage about the IRS scandal. From the St. Louis Post-Dispatch:...

Capitol Updates: May 13 week in review

By Jane McEnaney
05/13/2013
This week in Springfield, the focus shifted from pension reform to policy issues certain members of the Illinois General Assembly deem important, such as the Lion Meat Act. The Illinois Policy Institute had a big victory this week, as our workforce transparency measure passed the Illinois House and Senate and now heads to Gov. Pat Quinn...

Capitol Updates: May 6 week in review

By Jane McEnaney
05/11/2013
Both chambers were in session this week in Springfield. Moratorium on virtual schools passes out of committee On Tuesday afternoon, House Bill 494 passed out of the Senate Subcommittee on Charter Schools and was subsequently approved by the full Senate Education Committee. The Illinois Policy Institute’s Executive Vice President Kristina Rasmussen and Director of Education Reform Josh Dwyer attended both...

Capitol Updates: April 29 week in review

By Jane McEnaney
05/03/2013
This was an eventful week in Springfield with both chambers in session. Virtual charter school moratorium bill moves to Senate subcommittee The Senate Education Committee did not hear House Bill 494 during its hearing on Tuesday, so the Illinois Policy Institute’s Vice President of Policy, Ted Dabrowski, was unable to testify in opposition to the bill as planned. Instead,...

Quinn hikes taxes on Illinois homeowners as part of ‘property tax relief law’

05/01/2013
by Brian Costin Gov. Pat Quinn just hiked my property taxes. And, if you’re younger than 65 years old, he just hiked your property taxes too. But if you attended Quinn’s bill signing ceremony for Senate Bill 1894 you would have seen him championing himself as a fighter against Illinois’ outrageously high property tax rates, as evidenced...

Lessons from the Edgar plan: Why defined benefits can’t work

By Ted Dabrowski
04/30/2013
The problem The blame for Illinois’ pension crisis is often laid at the feet of state politicians who supposedly “skipped” payments and caused the state’s five pension systems to be underfunded. This has prompted legislators to add a “funding guarantee” to the current crop of pension reforms bills in order to stop any future pension...