Articles filed under Economy
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Illinois’ current sales tax system does not reflect a modern economyMar 26, 2025 9:23 am - Tax policy is a deeply misunderstood topic. In general, most people believe that “conservative” states levy fewer taxes than states with more “left-leaning” leadership.
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Is the U.S. economy headed toward a recession? Here’s what to look for.Mar 12, 2025 7:48 am - Concerns are heightening that the U.S. economy is heading toward a recession as the stock markets slide amid the Trump administration’s implementation of tariffs.
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US economic worries mount as Trump implements tariffs, cuts workforce and freezes spendingMar 08, 2025 7:03 pm - WASHINGTON — With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the U.S. econ...
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Weight-loss drugs aren’t just slimming waists. They’re shifting the economy.Feb 24, 2025 11:54 am - Roughly 16 million people — that’s 6% of American adults — taking GLP-1 weight-loss drugs, and their collective purchasing power has the potential to profoundly reshape the economy in the coming years, experts say.
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Illinois can overcome its challenging budget realitiesJan 26, 2025 5:49 am - To overcome a challenging fiscal environment, Illinois should find operational efficiencies and continue its commitment to fiscally responsible budgeting while making necessary improvements to our transportation systems, addressing education needs, and continuing to improve pensions.
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As budget tightens, report finds Illinois better prepared for recession than in recent pastDec 11, 2024 10:00 am - State lawmakers will face a projected budget deficit and slowing revenue when they return to Springfield in January, but a new report shows fiscal decisions made in recent years have put Illinois in a better position to handle a recession than in recent decades.
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November is ‘Thank a Business Month’Oct 30, 2024 9:47 am - As we enter the busiest shopping season of the year, it’s a great time to thank a business. The Better Business Bureau suggests customers give a nod of support and thanks to trusted businesses with great products, customer service, and community involvement.
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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.