Cooling down an overheated US economy doesn’t have to be painful
Cooling down an overheated US economy doesn’t have to be painful
As jobs growth and wage growth show signs of slowing, tax and regulatory changes could help prevent economic pain.
As jobs growth and wage growth show signs of slowing, tax and regulatory changes could help prevent economic pain.
The Cook County Board of Commissioners voted May 24 to increase its members’ salaries 10% in December, followed by automatic annual pay increases each year up to 3%. Civic groups say the perpetual pay hikes pose future concern.
The former Illinois House assistant majority leader received a taxpayer-funded pension worth $129,000 between his retirement in 2019 after being arrested for bribery by federal authorities and his conviction in 2022.
The same unions that supported doubling the gas tax in 2019 donated $15 million to politicians who voted for Amendment 1, a proposed tax hike sold as a “workers’ rights” amendment.
“The Chicago’s Teachers Union has become too powerful and it is becoming even more powerful. I fear that if Amendment 1 passes, the union will have limitless power."
Rising gas prices show no sign of stopping. Average gas prices in Illinois are more than $5 a gallon, thanks in part to the nation’s second-highest motor fuel tax.
What’s the deal with Illinois’ population? Are we gaining residents like Gov. Pritzker has recently said or are we losing residents, as has been reported for seven straight years? Bryce Hill joins the Policy Shop to break down the Census Bureau releases and share the truth about Illinois’ population story. Learn more by subscribing to...
Wages rose in Illinois, but inflation rose even more. That left the average worker almost $2,200 worse off.
Cook County officials promised to make the nation’s now-largest publicly-funded guaranteed income experiment permanent May 18 shortly after introducing the initiative. The trial will start accepting applicants in the fall.
The Chicago City Council approved a casino development in the River West neighborhood. The generated revenue will exclusively pay for pension debt, but only an estimated 9% of what the city needs.
Illinois is already behind the national pandemic recovery. As the risk of recession increases, Illinoisans could fall farther behind.
For Illinois border resident Brett Retherford and his neighbors, high Illinois fuel taxes drive them to buy their gasoline in Iowa. Illinois politicians’ heavy demands lose them hoped-for taxes when drivers have a choice.