Category: Commentary

Why Chicago Bonds Are Junk, in 7 Charts

By Michael Johnston   The Windy City’s financial woes are unlikely to blow over any time soon. Following an Illinois Supreme Court ruling earlier this month, Chicago’s bonds received a downgrade to “junk” status by...

CIVIC FEDERATION: FRIEND OF BANKS AND STATUS QUO, NOT TAXPAYERS

The Civic Federation, described by the Chicago press as “One of the state’s most prominent tax watchdog groups,” or a “Taxpayer’s watchdog group,” may be a watchdog for banks, large corporations and special interests invested in the status quo, but it certainly is not a watchdog on behalf of taxpayers, according to Jim Tobin, President of Taxpayers United of America (TUA)…

Abraham Lincoln’s Final Solution

View as PDF As Republicans gather for their annual dinner celebrations honoring the birth of the sixteenth president of these United States, it would serve the public well to reassess the legacy of Abraham...

25th Anniversary of First Federal Entitlement Repeal

View as PDF Saturday marked the 25th anniversary of the signing of the Medicare Catastrophic Coverage and Repeal Act of 1989, the first time a major federal entitlement was repealed. Victory seemed unobtainable for...

F-Rated Fiscal Records for Eight U.S. Governors

Contact: Jared Labell (773) 766-4947 (312) 427-5128 jared@taxpayereducation.org View as PDF The Cato Institute released its 12th biennial fiscal report card earlier this month regarding the budget records of America’s governors from January 2012–August...

Illinois’ Corporate Income Tax is 9.5% – Fourth Highest in US!

The Illinois state corporate income tax is continues to be understated by reporters and politicians, according to the president of one of the nation’s largest taxpayer groups, Taxpayers United of America (TUA).

“The total Illinois corporate state income tax rate of 9.5% includes a base rate of 7% and another 2.5% on top of that, which was added by constitutional amendment in 1980,” said Jim Tobin, President of TUA.

Taxpayers Win Big in Illinois Primary

Chicago—Taxpayers voted ‘NO’ on property tax increases in Tuesday’s primary election, according to Jim Tobin, president of Taxpayers United of America (TUA).

“We soundly beat property tax increase referenda in Berwyn South SD 100, Kane County, Huntley Park District, and the Village of Bull Valley, bringing our total to 203 property tax increase victories since 1977.