Tagged: Latest

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MASSIVE ILLINOIS UNEMPLOYMENT BENEFITS DESTROYING STATE’S WORK ETHIC

“Illinois’ extraordinarily-large unemployment benefits are destroying the work ethic of the state’s formerly-employed men and women, making them more dependent on government,” said Jim Tobin, economist and president of the Taxpayer Education Foundation (TEF), “and maybe that’s what the Democrats running the state want.”

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STATE TAX INCENTIVES HAVE HIDDEN COSTS

View As PDF States offer tax incentives with the goal of encouraging new investment and economic development in their state, but just because most states offer numerous incentives doesn’t mean doing so is the...

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CHICAGO TO ST. LOUIS “HIGH SPEED” RAIL EATS TAXPAYER DOLLARS, YIELDS NOTHING

The state of Illinois received $1.343 billion from the federal high-speed rail fund, plus $46 million in TIGER (Transportation Investment Generating Economic Recovery) funds to speed up and increase frequencies between Chicago and St. Louis, writes Randal O’Toole, senior fellow with the Cato Institute specializing in transportation and land use policy, in his study, “The High-Speed Rail Money Sink.”

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OBAMA’S BULLET TRAIN BITES THE BULLET

In 2009 and 2010, President Obama persuaded Congress to dedicate $10.1 billion to high-speed rail projects around the country. Millions of taxpayer dollars poured in from all over to supplement this fool’s errand.

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The Fed Doesn’t Fight Inflation –The Fed CREATES Inflation!

“Inflation is a terrible form of increasing taxes because hardly anyone realizes it is a hidden tax increase,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “It is a stealth tax that can sap the vitality of a country’s economy.”

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NEW PROPOSALS TO HELP LOW-INCOME TAXPAYERS

View As PDF A new book issued by the nonpartisan Washington-based Tax Foundation puts forward several tax proposals that would help low-income taxpayers with little impact on overall economic growth. The foundation’s Alex Durante...