Illinois politicians are nervous. They don’t yet have the votes to pass another tax hike, and they’ve done nothing to prepare a balanced budget under the actual 2015 income tax rates. Now they’ve resorted to guilting Illinoisans into paying higher taxes. We’re all familiar with these stories by now. Politicians have focused on narratives that...
On Friday, the federal government released more than 400 pages of health-care regulations. Buried deep within these pages are new laws that allow for bailouts of the insurers participating in the ObamaCare exchanges – should they lose money in the program. The Affordable Care Act, or ACA, includes provisions to pay insurers for their financial...
Have you ever wondered why Illinois’ budget is such a mess? Or how this state became the poster-child of how not to run a state? Last week’s budget debates provide a telling look into how Illinois got here. During a floor debate, state Rep. Ron Sandack questioned the state’s ability to pay for one of...
The Illinois Constitution is clear: the Illinois General Assembly’s spending in any fiscal year “shall not exceed the funds estimated by the General Assembly to be available during that year.” The General Assembly has officially estimated how much money the state will have available in fiscal year 2015: about $34 billion. Yet the spending proposed...
Last week, Springfield lawmakers took the first step in taking an additional week’s worth of your wages. Over the course of 11 hours, Illinois lawmakers introduced 73 bills and spent almost $7,700 for every full-time worker in the state. This level of spending assumes that the promised 2011 income tax hike won’t begin to sunset...
Policymakers in Illinois spent this spring debating whether the state should adopt a progressive tax scheme. At one point, there were as many as seven different tax structures being considered in Illinois. Supporters of the progressive tax fought for an amendment to the Illinois Constitution to allow such a change. Their efforts were rejected, and,...
Drivers and supporters of rideshare company Lyft rallied earlier this week on Chicago’s Federal Plaza to urge community members to oppose House Bill 4075, which would restrict ridesharing at the state level. The Illinois Senate approved the bill this week. Thanks in part to the efforts of Illinois Policy Action, the most anti-competitive aspects of...
As the Illinois General Assembly is nearing a vote on Gov. Pat Quinn’s proposal to extend the income tax hike, which will cost the average taxpayer about $1,100 per year, a WGN-TV investigation revealed one of Quinn’s former top staffers is the beneficiary of a $117,000 pension error. Brown Hodge, former Deputy Chief of Staff...
Illinois lost 7,800 private-sector jobs in April, and the state jobless rate fell to 7.9 percent, according to the Bureau of Labor Statistics. Illinois remains the worst in the Midwest and third-worst nationally for joblessness. Illinois’ private-sector jobs loss came against a gain of 1,000 government jobs, leaving the state with a net loss of...
According to a recent Gallup survey, Illinois residents have the least trust in their own state government compared to every other state in the nation. That is why Illinois lawmakers should make stewardship of taxpayer dollars a top priority. When revelations of wasteful spending or outright fraud come to light, they only serve ti further...
Link to tweet. If you are an employer or are in charge of human resources for your organization, you might soon be on the receiving end of the U.S. Department of Labor’s social media campaign to increase the minimum wage. Unlike the job-creators in the economy, federal bureaucrats don’t seem to fully-grasp how employers determine...
State politicians are in Springfield right now voting on budget bills that call for spending $3 billion more than the state will take in from income tax revenues. These budget bills are fraught with wasteful spending. Here are some examples: House Bill 6149 would appropriate a total of $1.8 billion from the General Revenue Fund...
Gov. Pat Quinn’s approval rating is low, typically hovering just shy of 30 percent. But one thing voters disapprove of even more is hiking property taxes to pay for Chicago pensions. A recent Chicago Sun-Times poll shows that only 1 percent of Chicago voters would support a property tax increase to help prop up the...
The average Illinois family will be forced to pay thousands of dollars in higher taxes if Gov. Pat Quinn has his way. Illinois state government is predicting it will collect about $34.9 billion in tax dollars next year. So naturally, that’s how much Illinois state government plans to spend next year, right? Wrong. Quinn is...