Addressing Common Concerns About Switching to a Progressive Income Tax

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.

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Legalizing Sports Betting Could Generate $100 Million in Tax Revenue in Illinois

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.

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Study: Marijuana Legalization Would Benefit Illinois Taxpayers and Boost Economy

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

ILEPI Testimony on a Progressive Income Tax Before the Illinois House

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”

Tax Plan Could Threaten Illinois’ Most Vulnerable Residents, New Studies Show

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