by Amanda Griffin-Johnson As part of ObamaCare, states have the option to establish a health insurance exchange, intended to be a centralized marketplace for insurance. These exchanges must conform to federal guidelines, and if the state does not “demonstrate progress toward implementing an Exchange” by January 1, 2013, the federal government will be responsible for setting...
Lawmakers raised the personal income tax rate by 67 percent and the corporate income tax rate by 46 percent in a late night, lame-duck session in January 2011. This legislation also reinstated the estate tax and suspended the net operating loss deductions for corporations. The Illinois Policy Institute’s report “Leaving Illinois: An Exodus of People and...
by Mark Cavers Today the New York Times published an article asserting that the main beneficiaries of vouchers are “church-affiliated schools.” In truth, vouchers are above all else about helping the neglected students of our worst performing schools. But by ignoring the kids and framing their opposition on this ground, opponents in the White House,...
by Mark Cavers Bloomberg Business Week reports that legislators in Missouri are moving to reject some federal money to fund work that would speed up rail travel between St. Louis and Kansas City. The mounting concerns over future costs to Missourians echo similar concerns in a host of other states that have rejected federal money. Over...
by Collin Hitt We’ve reached an important moment for education reform. Teacher tenure – the impregnable job protection held by teachers good and bad – could soon be replaced by a system that protects only high performance. The threat of strikes could be diminished. And school districts could no longer be forced to bargain away...
by Brian Costin At the Village of Willowbrook board meeting on April 11th, the Illinois Policy Institute awarded a Certificate of Achievement to the Village Board for their participation and success in the Institute’s Local Transparency Project. “As of an audit on April 8, 2011, the Village of Willowbrook’s transparency score is an 86.8 out of 100. This...
by Mark Cavers In January, the General Assembly passed a tax hike that is projected to take around seven billion dollars from the taxpayers of Illinois. Tax hikes like this one get a lot of attention from the media for the harm they cause businesses and taxpayers. But there are other government policies that can be just as harmful...
by Mark Cavers In the case of a government “shutdown” the government doesn’t actually shut down. Rather, essential services remain up and running: Military personnel in Iraq don’t suddenly fly home, TSA agents don’t stay in bed, and the IRS doesn’t stop collecting taxes (although, in a particularly cruel bit of irony, they stop sending...
by Mark Cavers Last week Bloomberg News reported that bond markets are reacting poorly to Governor Quinn’s tax and spend approach. Rather than putting the state back on firm ground, we are in a more precarious position then we were four months ago. From the Bloomberg article: “The market seems unimpressed with Quinn’s plans. The extra yield investors...
by Amanda Griffin-Johnson Earlier today, the U.S. Supreme Court ruled in favor of school choice in Arizona Christian School Tuition Organization v. Winn, a case involving Arizona’s private school scholarship tax credit program. The Supreme Court declared that the plaintiffs in the case lack standing to bring the challenge, reversing a decision by Ninth Circuit. From...
by Amanda Griffin-Johnson Today, the Tax Foundation released their annual report on the Tax Freedom Day for each of the fifty states. The Tax Freedom Day measures the number of days Americans have to work to pay for all their annual taxes at the federal, state and local level. The national Tax Freedom Day for 2011 is...
by Mark Cavers Chuck Sweeney of the Rockford Register Star reports that FatWallet.com, a Rockford company employing 50 workers, has signed a lease to move its headquarters three miles north to Beloit, Wisconsin. The company was prompted to move when the General Assembly passed the Amazon Tax in early January. This isn’t a surprising move, other online retailers...
by Brian Costin With election day rapidly approaching, and early voting already underway, citizens in a number of Cook County communities are in the process deciding on 10 property tax hike referendums. A 2006 reform to state laws intended to give voters an accurate estimate of how a property tax hike referendum would affect them....
by Brian Costin Cook County and the city of Chicago both share a dubious distinction: Both are in the top 10 most populous counties and cities in the U.S., and both are the only city and county in the top 10 to drop in population, according U.S. Census numbers released Thursday. See the Chicago Tribune story....