Articles filed under Economy
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How ‘millionaire’s tax’ ballot question hides a business tax hikeOct 20, 2024 6:02 am - The proposed tax promises property tax relief by hitting millionaires. But “millionaires” in Illinois more often than not are entrepreneurs, S-corps, partnerships, LLCs, farmers and sole proprietors.
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Time running out for lawmakers to address public transit fiscal cliffOct 06, 2024 7:00 am - Efficient, accessible, and safe public transportation is essential to a robust Illinois economy. Our public transit systems connect workers to jobs, bring customers to co...
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Suburbs shouldn’t impose their own grocery taxesSep 29, 2024 5:13 am - Gov. JB Pritzker attempted some political theater this spring when he and the General Assembly eliminated the statewide grocery tax. It was a hollow victory for taxpayers.
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Midyear pit stop: How to rev up your company from good to better to bestSep 11, 2024 10:00 am - Midyear is the exact right time for businesses to make a pit stop. Pull over and consider what good business practices and strategies are for the remaining laps of the year. Also, pause to think about what better practices and strategies could be, and what best practices might look like.
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Does Illinois have a path to public pension reform?Sep 08, 2024 5:12 am - Illinois’ worst-in-the-nation pension crisis shouldn’t come as a surprise. For years economists have been sounding the alarm that Illinois’ pension problem is growing from financially painful to potentially unsolvable.
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You aren’t likely to lose a job in the US but may find it harder to land oneSep 05, 2024 1:52 pm - WASHINGTON — Laid off by the music streaming service Spotify last year, Joovay Arias figured he’d land another job as a software engineer fairly soon. His previous job se...
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Gains in private sector union membership show a labor revival is possibleSep 01, 2024 5:45 am - On this Labor Day, unions in Illinois are organizing new industries and boosting job quality despite dealing with an economy in transition and persistent legal and politi...
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Time for the Fed to cut interest ratesAug 11, 2024 6:02 am - While the Fed’s initial decision to hike interest rates was a policy intervention designed to slow inflation, a decision to keep rates high creates real headwinds for the housing market
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South suburban airport could bring over $1 billion in economic activity, per reportAug 08, 2024 12:36 pm - A new airport in Chicago’s far south suburbs could bring thousands of jobs and a $1 billion economic impact, according to a new report, but state and local officials expr...
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U.S. added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic tollAug 02, 2024 8:24 am - U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.