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

Tax Dollars Should Be Spent on Broad-Based Investments, Not Corporate Subsidies

Illinois has spent at least $4.9 billion in state and local business subsidies since 2000, after adjusting for inflation. This equates to $288.5 million per year. While these subsidies have saved or created some jobs in the state, Illinois could have created even more jobs and more economic growth if tax dollars had instead been invested in public infrastructure and public education.

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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.

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