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For those keeping score, Illinois' pension debt has grown 753% under Illinois House Speaker Michael Madigan’s leadership. It probably seems that for many Illinoisans, Mike Madigan has been a part of Illinois government since Abe Lincoln was splitting rails in Kentucky. Okay, maybe not quite that long, but it sure seems like it. For those who don't recall an Illinois that wasn't under Madigan's thumb, at one time things were different.
There's been a lot of buzz about Governor JB Pritzker's "progressive tax," so we asked Illinois Policy's Adam Schuster to break down the good and the bad for us. Adam Schuster, Illinois Policy's Director of Budget and Tax research , knows a thing or two about how so-called progressive taxes work, and he gives us some examples of why progressive taxing is not in Illinois' best interests:
PEWAUKEE, Wis. — June 21, 2017 — The legislative road in Illinois has certainly had its ups and downs in the last General Assembly, and our fight to reinstate the Graphics Arts Sales Tax Exemption and the Manufacturers Purchase Credit continues. The Great Lakes Graphics Association along with the Illinois Press Association and the Illinois Manufacturers Association are building a solid case to bring back these critical tax incentives that the printing industry once had in Illinois.
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