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”
New Study: State’s Current Flat Tax System Overcharges Middle Class, Strains Public Budgets Continue reading “Graduated Rates Would Provide Tax Relief, Shrink Deficits, and Boost the Illinois Economy”
A new report by the Illinois Economic Policy Institute and the University of Illinois at Urbana-Champaign finds that legalizing and taxing sports betting could create 2,500 jobs and increase state tax revenue by about $100 million annually.
La Grange: A program to legalize sports betting could create 2,500 jobs, increase tax revenue by $100 million annually, grow the Illinois economy by over $500 million, and reduce illicit black market gambling, according to a new study by the … Continue reading New Report Assesses Proposals to Legalize Sports Betting in Illinois
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
On Wednesday, May 2, the Illinois House Revenue & Finance Committee held a hearing on the possibility of a progressive income tax in Illinois. Frank Manzo IV, MPP, Policy Director of the Illinois Economic Policy Institute (ILEPI) provided a brief testimony. Here is what he said. Continue reading “ILEPI Testimony on a Progressive Income Tax Before the Illinois House”
It is tax season once again. By this time next week, millions of Illinois households will file their state and federal income tax forms. With Tax Day one week away, the Illinois Economic Policy Institute asks: How did you do in 2017? Continue reading “Filing Taxes this Week? See Where You Stand in Illinois”
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”
FEDERAL BUDGET CUTS THREATEN LOW- AND MIDDLE-INCOME FAMILIES IN ILLINOIS Trump Administration’s proposal to eliminate Community Development Block Grants and Public Service Loan Forgiveness program would hurt economy and adversely impact 500,000 state residents each year. La Grange: The Trump Administration’s proposal to … Continue reading Tax Plan Could Threaten Illinois’ Most Vulnerable Residents, New Studies Show