Illinois Tax Increase

The Taxpayer Accountability and Budget Stabilization Act (the Act) has passed both chambers of the Illinois legislature and has gone to Governor Quinn, who is expected to sign the bill into law.  The Act raises Illinois income tax rates for individuals and corporations and limits the State budget over the next four years, all to try…

Healthcare subsidies under fire

For three generations, since the end of the Second World War, most Americans have gotten their health insurance through their employers.  Federal tax subsidies for employers have helped create and sustain this situation.  Some in Washington would like to see this situation change.  Specifically, they want to reduce or even eliminate subsidies to employer healthcare…