United States Senate

Fighting the progressive tax in Illinois

By Benjamin VanMetre
12/27/2013
Fighting the progressive tax in Illinois The battle to raise taxes again is underway in Illinois. Politicians and special interest groups across the state have put a plan in motion to implement yet another income tax hike in Illinois – one that targets the state’s working- and middle-class residents. Politicians already pushed through a record...

TAGS: fair tax, flat tax, income tax, progressive income tax

A principled stand against pension “fix”

By Matt Paprocki
12/04/2013
Lawmakers met in Springfield on Tuesday for a special session on pension reform. After an early morning committee hearing, a gathering of each of the four legislative caucuses and several hours of lengthy floor debates, a pension bill passed the House and Senate, and now awaits Gov. Pat Quinn’s signature. The Illinois Policy Institute adamantly...

TAGS: Brad Halbrook, Brian Stewart, Dale Righter, Dan Duffy, David Harris, David Luechtefeld, defined benefit plans, Dwight Kay, Jason Barickman, Jeanne Ives, Joe Sosnowski, Kyle McCarter, pensions, Senate Bill 1, Tom Cross, Tom Morrison

Copper-plated doors tip of iceberg in wasteful spending

By Brian Costin
09/14/2013
With unpaid bills exceeding $8 billion, long-term debt surpassing $200 billion and the worst credit rating in the nation, revelations that the “broke” state of Illinois spent $670,000 on copper-plated doors and another$500,000 for chandeliers and sculptures for the Capitol in Springfield is an embarrassment for the entire state. Earning bad press and the scorn of angry taxpayers still reeling from the 2011 income...

Oops — another ‘error’ in Illinois’ pension mess

08/29/2013
If Illinoisans needed any more proof that the state’s defined benefit pension systems are unmanageable and dysfunctional, they got it on Aug. 26. Dick Ingram, head of the Teachers’ Retirement System, or TRS, informed Illinois’ pension conference committee that TRS’s actuaries made a mistake in calculating the expected savings of House Speaker Mike Madigan’s proposed pension...

Little movement during Illinois’ first pension committee meeting

By Chris Andriesen
06/29/2013
by Jane McEnaney On June 27, the Illinois General Assembly’s conference committee on pension reform met for the first time in Chicago. All 10 members of the bipartisan, bicameral committee were present. The committee met for five straight hours, hearing testimony from: Ty Fahner, President, Civic Committee of The Commercial Club of Chicago Jerry Stermer, Acting Director...

Proposed bill makes state board exempt from OMA and FOIA laws

06/20/2013
by Brian Costin The Illinois Policy Institute has long been a supporter of strengthening the Open Meetings Act, or OMA, and Freedom Information Act, or FOIA. Unfortunately, OMA and FOIA often come under attack by the Illinois General Assembly. The most recent assault is in the concealed carry bill that recently passed the House and Senate, and awaits Gov....

Pension plan developed by universities fails to solve Illinois’ pension crisis

By Benjamin VanMetre
06/20/2013
A six-point pension plan created by the Institute of Government and Public Affairs, or IGPA, fails to solve Illinois’ pension problem. That’s because the plan, Senate Bill 2591, maintains the state’s unmanageable defined benefit plan for current employees. It requires all new employees to participate in a hybrid defined benefit and defined contribution pension plan, and...

Capitol Updates: lawmakers push off pension reform in favor of ‘pension conference committee’ during special session

By Jane McEnaney
06/20/2013
State lawmakers were in Springfield yesterday for a special session ordered by Gov. Pat Quinn. As expected, the General Assembly did not take formal votes on any pension reform legislation. Instead, Quinn called for the formation of a conference committee, with the intention of resolving the differences between the House and Senate on pension reform. As a means of breaking up...

Capitol Updates: Special session

By Jane McEnaney
06/19/2013
In early June, Gov. Pat Quinn called lawmakers to return to Springfield on June 19 for a one-day special session on pension reform. This came in the wake of yet another downgrade of Illinois’ credit as a result of inaction on pension reform when the legislative session adjourned on May 31. Our most recent knocks from Moody’s Investors Service and Fitch Ratings  mark Illinois’ 12th...