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Illinois

Illinois Facing Higher Taxes

12 January 2011

Living in the Prairie State just got a whole lot more expensive. Facing a gaping hole in the budget, Illinois lawmakers have scrambled to find a way to pay the bills. Their solution? A significant tax hike. The Senate and the House have approved tax increases across the board for the states. Personal income tax [...]

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Don’t Gamble on the Budget: Just Raise Taxes Says Quinn

9 November 2010

In one of the more bizarre statements this post-election season, Gov. Pat Quinn (D) of Illinois has advised the legislature that an alternative plan to raise revenue won’t work and instead, he wants to focus on raising the state’s income tax. Days after squeaking by in the gubernatorial race, Quinn told the Chicago Sun-Times that [...]

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Tax Talk 2010: Randy Hultgren

26 October 2010

Our next installment of Tax Talk 2010 features Randy Hultgren, the Republican candidate for Congress in the 14th Congressional District of Illinois. I emailed Mr. Hultgren a set of six questions related to tax. Follows are his unedited answers: 1. What’s the single most important tax issue facing Americans today? The high rate of taxation [...]

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States Find It May Not (*gasp*) Be Necessary to Raise Taxes

17 July 2009

With budget deadlines looming, many states felt that there were no alternatives to balancing the budget other than raising taxes or adding new ones. More than half of all states were considering significant tax changes to fill gaping holes… What a difference a few weeks and some angry taxpayers make. New Jersey recently “found” more [...]

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Ten States Looking to Raise Taxes: Do You Live in One?

10 April 2009

With revenues plummeting and federal aid in short supply, many states are scrambling to fill holes in their budgets. The easiest way to do it? Raise taxes. At least ten states are considering major increases in the near future. They are: Arizona Connecticut Delaware Illinois Massachusetts Minnesota New Jersey Oregon Washington Wisconsin Two states have [...]

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Gov Pat Quinn Proposes More Taxes in IL: Residents Worry Air is Next

22 March 2009

Illinois residents have been willing to deal with some pretty steep tax increases. But Gov. Pat Quinn may have gone too far this time: Quinn wants to tax coffee and sweetened tea products in grocery stores in the same manner as soft drinks. Gov Quinn has also suggested raising taxes and fees on driver’s licenses [...]

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Blagojevich Fundraiser Will Plead Guilty to Tax Fraud

17 December 2008

My mother always told me that you are judged by the company that you keep. If that’s true, Governor (for now) Rod Blagojevich of Illinois should likely beef up his already impressive defense counsel. Christopher Kelly, a fundraiser for the now infamous Governor, has decided to change his plea in a federal tax fraud case [...]

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