Taxpayer Education Foundation Blog
A recent report by the nonpartisan Washington-based Tax Foundation indicates that Illinois has the second-worst pension deficit in the country.
“Illinois Governor Jay Robert ‘J. B.’ Pritzker is pushing the Illinois General Assembly to take action by the end of this month, when the fiscal year and the legislative session ends, on numerous destructive tax increases,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “It should be noted that Pritzker includes NO reforms in his proposals.”
“The surest way to wealth during the Covid economy is to have an Illinois state government pension,” said Matthew Schultz, executive director of the Taxpayers Education Foundation (TEF). “TEF has analyzed the six major pension funds, and the first study we are going to release is about the worst offender: GARS, (the General Assembly Retirement System).”
In a recent Wall Street Journal article, former Federal Reserve Chair and now Treasury Secretary Janet Yellen subjected the Journal’s readers to a series of statements in classic Federal Reserve doubletalk regarding the prospect of inflation and its causes.
“It is fitting that President ‘Uncle Joe’ Biden chose Amtrak’s 50th anniversary celebration to plug his proposed $2.3 trillion ‘infrastructure’ proposal,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “Amtrak is the gift that keeps on taking. It’s like going to the store and paying $1,000 for a jar of honey. The product is sweet, but the cost is horrendous.”
“When it comes to the three criteria CEOs tell us they value most in site selection—tax policy (37 percent rank it first), regulatory climate (35 percent) and talent availability (25 percent)—Texas and Florida outclass all comers,” according to Chief Executive magazine. As Kathy Mussio of Atlas Insight put it, speaking of Florida, “Sunshine, low taxes, Covid openness: What talent wouldn’t want to move there? You can save enough in taxes…to make a down payment on a house in Florida.”
Illinois Governor Jay Robert “J. B.” Pritzker inaccurately identified students leaving for college as the reason for Illinois’ population decline, according to an analysis by Bryce Hill of the Illinois Policy Institute.
Illinois Gov. Jay Robert “J. B.” Pritzker is targeting the program that provides scholarships for Illinois’ low-income and minority students when public schools are a poor fit.
“The proposed Red Line Extension Project will be a colossal waste of money, plunging the CTA into more debt as its maintenance costs rise with passing time,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “Furthermore, the project is not needed. The time of rail transit systems has come and gone.”