Would a progressive income tax cause the wealthy to leave for other states? How would it impact small businesses and the economy? The Illinois Economic Policy Institute and the University of Illinois at Urbana-Champaign have jointly released a one-page fact sheet with answers to these and other common questions.
The Illinois Economic Policy Institute and the University of Illinois at Urbana-Champaign have jointly released a one-page fact sheet on the impacts of switching to a progressive income tax in Illinois. Continue reading “Progressive Income Tax in Illinois: Fact Sheet”
Elected officials in Illinois should follow voters in dismissing the Centennial Institute’s claims. Here’s why.
The Fall 2018 Edition of ILEPI’s newsletter, Illinois Insights, has been released. Continue reading “Illinois Insights Fall 2018 Newsletter”
La Grange: In the wake of Michigan becoming the tenth U.S. state to legalize marijuana on Tuesday, new research finds that the taxation and regulation of marijuana in Illinois could create nearly 24,000 new jobs, boost the state’s economy by $1 … Continue reading Study: Marijuana Legalization Would Benefit Illinois Taxpayers and Boost Economy
Between one-third and one-half of the rise in income inequality in America is due to the declining real value of the minimum wage. Continue reading “Boost Worker Incomes by Raising Illinois’ Minimum Wage”
La Grange: An increase to Illinois’ state minimum wage would grow the state’s economy and boost the paychecks of as many as 1.4 million workers by up to $6,000, according to new research from the Illinois Economic Policy Institute (ILEPI) … Continue reading Higher Minimum Wage Could Mean A $6,000 Raise For As Many As 1.4 Million Illinois Workers
The Summer 2018 Edition of ILEPI’s newsletter, Illinois Insights, has been released. Continue reading “Illinois Insights Summer 2018 Edition”
International Women’s Day Sharpens Focus on Gender Inequality at Work
Eliminating the Community Development Block Grant (CDBG) program would directly impact more than 464,000 people in Illinois; state and local governments would lose access to $116 million in federal funding. Continue reading “Eliminating the Community Development Block Grant Program Would Hurt the Illinois Economy”
The future of the Public Service Loan Forgiveness (PSLF) program is uncertain under the Trump Administration, but eliminating the program would bring negative consequences to Illinois’ workers and economy. Continue reading “The Public Service Loan Forgiveness Program Benefits the Illinois Economy”
Eliminating the Public Service Loan Forgiveness (PSLF) Program and the Community Development Block Grant (CDBG) Program would Hurt Students, Low-Income Families, and the Illinois Economy. Continue reading “Federal Tax Cuts Would Put Billionaires Ahead of Working Families”