tax reform

Illinois Issues
12:00 am
Mon December 1, 2014

Broken System: Can Illinois’ Antiquated Means Of Generating Revenue Be Overhauled?

This story first appeared in the March 2014 issue.

Taxes suck.

That, it seems, is the only truism. Nobody wants to render unto Caesar. But, at least in Illinois, Caesar needs to get re-elected, and so stuff can get complicated.

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Income tax
12:34 am
Tue April 8, 2014

Tax Watchdog Group: Income Tax Doesn't Hurt Businesses, Property Tax Does

Credit flickr/danxoneil

  Opponents of Governor Pat Quinn's proposed income tax increase say it will chase jobs out of Illinois. A new report that challenges that assumption.

What to do about Illinois' expiring income tax hike has been the star of the debate this spring. The governor threatens cuts unless its extended, while Republican leaders say keeping the higher tax rate is a bigger threat to the economy.

Ralph Martire, director of the Chicago-based Center for Tax and Budget Accountability, says that's a misunderstanding. He says property taxes are the true obstruction of economic growth.

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