Taxpayer Education Foundation Blog

ITEF Comment – Volume XV, Issue 9 1

ITEF Comment – Volume XV, Issue 9

TAX FREEDOM DAY ARRIVES ON APRIL 13 THIS YEAR By Dennis Constant Tax Freedom Day, the day when taxpayers will have earned enough money to pay this year’s tax obligations at the federal, state...

How To Reduce Illinois' Retiree Health Insurance Problem and Prevent Further Fiscal Gaps 6

How To Reduce Illinois' Retiree Health Insurance Problem and Prevent Further Fiscal Gaps

  The unfunded portion of Illinois retired state and local employees’ pension and health care funds now stands at $110 billion. That total can be reduced by $50 billion without raising the state income...

Jim Tobin Interviewed by CLTV 0

Jim Tobin Interviewed by CLTV

Jim Tobin interviewed by CLTV concerning Governor Pat Quinn’s proposal to increase the personal income tax 50% and raise the corporate income tax from 7.3% to 9.7%.

Will The Real State Deficit Please Stand Up? 0

Will The Real State Deficit Please Stand Up?

CHICAGO–The president of Illinois’ largest taxpayer organization questioned whether anyone in Springfield actually knows or even cares what the budget “deficit” really is, in view of the multiplicity of figures thrown out by the...

How To Reduce Illinois’ Unfunded Pensions and Prevent Further Fiscal Gaps 0

How To Reduce Illinois’ Unfunded Pensions and Prevent Further Fiscal Gaps

The unfunded portion of Illinois pension funds now stands $70 billion. That total can and should be substantially reduced without raising the state income tax, according to Jim Tobin, President of National Taxpayers United...

$11.5 Billion Federal Stimulus Package Eliminates Need For State Income Tax Hike 0

$11.5 Billion Federal Stimulus Package Eliminates Need For State Income Tax Hike

The purported $9 billion deficit in state revenues will be wiped out without raising the state income tax, according to Jim Tobin, President of National Taxpayers United of Illinois (NTUI). Tobin cited the massive...

Govt. Pensions Created Most of $9 Billion State Revenue Gap 3

Govt. Pensions Created Most of $9 Billion State Revenue Gap

CHICAGO–Lavish, gold-plated pensions for retired local and state employees have created most of the current $9 billion state revenue gap projected through June 30, 2011, according to Jim Tobin, President of National Taxpayers United of...