Thursday, January 26th 2012
by dfrom

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Check out Illinois Policy Institute's report, "Wrong Way, Illinois" to see how Gov. Quinn's policies have caused the Land of Lincoln to fall behind on job growth.

From the report: "Almost a year after Illinois’ record income tax increase, the state’s unemployment woes contrast starkly with the slow but positive national economic recovery. Unemployment rates in 46 states dropped since January 2011, and some dramatically. Illinois’ unemployment rate, on the other hand, was 9.8 percent in December, up from 9 percent in January 2011. Simply put, Illinois placed more people on the unemployment rolls than any other state in the country."

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Monday, January 16th 2012
by dfrom

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It should come as no surprise, but Illinois has been rated the #2 on the list of worst states to retire by TopRetirements.com

2. Illinois. Illinois (along with Nevada) faces serious economic troubles. Its pension funding, deficit spending, unemployment, and foreclosure rates are among the worst of any states. The state began to address its problems last year when it raised income tax rates. Although Illinois does not tax most pension or social security, other earnings and investment income are taxed at a fairly high rate thanks to its 5% flat tax rate.

Sadly, Illinois actually tied for #1, but the site decided to choose CT as the winner... or the loser.

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Monday, December 12th 2011
by Adam Nicholson

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It's not often that the Occupy Wall Street and tea party movements see eye-to-eye, but a tax bill before the Illinois legislature is testing whether left and right can combine to limit corporate tax favoritism.

The proposal would give an estimated $85 million tax exemption to the Chicago Mercantile Exchange and Chicago Board of Trade and a $15 million annual break to Sears Holding Corp. to mitigate the state's big tax increase earlier this year. It would also vastly expand the earned income tax credit. The bill sailed through the state Senate two weeks ago, but it was crushed in ...

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