Legislative Update

2015 Budget House passed a budget of $35.7 Billions using accounting gimmicks of borrowing from other funds, delaying payment for some bills and relying on revenue increases that don’t exist (i.e. tax increase that they can’t get passed now. Remember, a vote for a budget that spends than they have is the same as voting […]

Raising Taxes Will Not Lead to Success

More Talk on Taxes The Legislature may not be in session but the talk about the state budget and taxes continues. The non-partisan Illinois Policy Institute released a report on how state government can get its fiscal house in order so to allow the 2011 state income tax increase begin its scheduled rollback beginning January […]

Chicago’s Middle Class is Disappearing

Daniel Kay Hertz, student at the University of Chicago Harris School of Public Policy has an animated gif showing how the middle class has disappeared in Chicago.  Whose policies are causing the disaster that is Chicago?  Democrats of course.  Republicans haven’t had a Mayor in Chicago since William Hale Thompson from 1927-1931. You can view […]

Madigan Proposes “Millionaires Tax”

House Speaker, Michael Madigan proposed a 3% surcharge on those making more than a million dollars on Thursday. The tax on the wealthy is being pushed as a way to make up for the reduction in public education funding over the last few years. Under the new proposal, the first million would be taxed at […]

Top 10 School Superintendents Average $333,000 per year salary

When it comes to overpaid public employees it is difficult to argue that K-12 school superintendents aren’t at the top of the list. What exactly is it that supers do to justify $300,000 plus salaries not including fringes and pension payments? Not much from what I can see. These are not “managers” as we think […]

Pat Quinn 2014 State of the State: We Made a Comeback, Jobs are Being Created, Companies are Moving Here

In listening to Gov. Pat Quinn give the 2014 State of the State address today, it is clear he is as delusional as President Obama was last night in his State of the Union address.  He continually repeated the following themes: We’ve made a comeback Getting the job done Finish the job Equality and fairness […]

Seven Minimum Wage Facts You Need to Know

Here are 7 important facts about the minimum wage debate that you need to know. 1. Just 2.8% of American workers earn at or below the minimum wage. 2. Half of all minimum wage workers are 16 to 24 years old. 3. Labor workers already make well above the minimum wage. 4. Even those who […]

Jobs on the Rocks

Mike’s Hard Lemonade set up its corporate headquarters in Chicago’s West Loop back in April 2012. But Gov. Pat Quinn just announced the alcoholic beverage company’s move this week. Admittedly the governor is seeking re-election, but still it would seem odd timing. “Mike’s chose to relocate to Illinois because of the state’s central location, leading […]

Top 10 Towns in Illinois with the Highest Unemployment

How the Minimum Wage Hurts Young Workers

There is an old story, where an economics professor walks into a classroom and begins his lecture on the minimum wage. He will go through wage floors and basic supply and demand of the labor market and will show his students that minimum wage laws result in higher unemployment. He draws a horizontal line above […]