Is International Trade Good or Bad for Illinois?

What impact does international free trade have on the Illinois economy? Is it mostly good, mostly bad, or somewhere in between? How can Illinois capitalize on the benefits of trade while mitigating the losses? A new report by the Illinois Economic Policy Institute and the Project for Middle Class Renewal at the University of Illinois at Urbana-Champaign investigates. Continue reading “Is International Trade Good or Bad for Illinois?”

The Retailer’s Discount Costs Illinois Taxpayers Over $100 Million a Year

The retailer’s discount is a generous corporate welfare program that Illinois can no longer afford. A new report [PDF] finds that Illinois currently dishes out $142 million per year in subsidies to retailers through it 1.75 percent retailer’s discount rate.

Continue reading “The Retailer’s Discount Costs Illinois Taxpayers Over $100 Million a Year”

Remember, Remember the Budget Impasse this November

Illinois lawmakers finally negotiated a stopgap deal to fund the state over the next six months. While this was a great first step, the Illinois public should not soon forget the costs of the budget impasse. Here is a super-quick rundown of the costs that the Illinois Economic Policy Institute compiled over the weekend. Continue reading “Remember, Remember the Budget Impasse this November”

8 of the 10 Most-Equal, Highest-Paying Occupations in Illinois Are in Construction

The majority of high-wage, low-inequality jobs in Illinois are in construction occupations, law enforcement careers, and firefighting positions. Politically-driven efforts to repeal the state’s prevailing wage law or to weaken public sector unions would decimate a majority of the middle-class occupations that remain for blue-collar workers in the state.

Continue reading “8 of the 10 Most-Equal, Highest-Paying Occupations in Illinois Are in Construction”

Illinois Should Restore Wind Energy Funding

The State of Illinois should restore investment in wind power and other clean energy infrastructure to at least 2015 levels, according to the Illinois Economic Policy Institute in a new Economic Commentary [PDF].

Wind power generates positive impacts for the people of Illinois. Previous investments already prevent the emission of 7.6 million metric tons of carbon dioxide from Illinois and save 4.5 billion gallons of water every year. In addition, wind power has saved Illinois residents millions of dollars.

Continue reading “Illinois Should Restore Wind Energy Funding”

The Decline of Motor Fuel Tax Revenue in Illinois

Despite GDP Growth, Motor Fuel Tax Revenue Declines in Illinois

Despite modest economic growth, motor fuel tax revenue has fallen significantly in Illinois. The Illinois economy has grown by 31.2% since 2005, not adjusted for inflation. Meanwhile, an analysis of Illinois’ Comprehensive Annual Financial Reports finds that nominal motor fuel tax revenue collected has fallen by 9.4% since 2005.

Continue reading “The Decline of Motor Fuel Tax Revenue in Illinois”

Reducing Obesity Benefits the Economy

Obesity costs residents and taxpayers billions of dollars every year. Adult obesity alone costs Illinois $4.5 billion a year. To reduce adult obesity, Illinois should adopt policies that promote middle-class jobs, support high levels of education, advocate for a healthy lifestyle, and provide subsidies for healthy foods. These actions would have positive health, well-being, and economic benefits for the state. Continue reading “Reducing Obesity Benefits the Economy”