Newly released IRS data show Illinois lost on net over 81,000 taxpayers and their dependents, and $4.1 billion of annual taxable income to other states in 2013.
Chicago’s ban on food carts is costing the city jobs and revenue. The city has fallen behind its peers: Street vending from food carts is already legal in 23 of the 25 largest cities in the U.S. The Illinois Policy Institute conducted a survey of nearly 200 Chicago food-cart street vendors to assess the social...
If lawmakers begin to enter the ObamaCare exchanges themselves, it will certainly draw attention to the hypocrisy of some lawmakers who have imposed this costly law on Americans. But perhaps more importantly, it could serve as an important lever to force lawmakers to re-examine the most damaging aspects of the law.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...