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Taxes
Quick Hit
by Steven Ross Johnson
1:42pm
Fri Dec 7, 2012

Illinoisans Erect Shanty Town To Call For Fair Fiscal Cliff Solutions (VIDEO)

As lawmakers race against time to work out a deal on the federal budget before the dreaded “fiscal cliff” goes into effect, protesters on Thursday called on U.S. Sen. Dick Durbin to reject any plan that results in spending cuts to the country’s social safety net.

More than 100 demonstrators gathered in Federal Plaza for what organizers described as their effort to pressure the Democratic lawmaker to stand firm on a fiscal plan that allows the Bush-era tax cuts to expire for the top 2 percent of Americans, or those earning more than $250,000 a year.

Protestors were also calling on Durbin, who served on President Barack Obama’s National Commission on Fiscal Responsibility and Reform, to reject proposed cuts to social programs such as Medicare, Medicaid and Social Security, saying such a move would have a Great Depression-style effect for the most vulnerable of Americans.

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Quick Hit
by Matthew Blake
7:01pm
Tue Dec 4, 2012

Corporate Tax Disclosure Bill Could Trigger Lawsuit

Illinois may soon require publicly traded companies to reveal their state income tax payments online.

Supported by community organizations such as the Lakeview Action Coalition that often call for corporate tax reform, Senate Bill 282 may be politically feasible after an election that saw Democrats gain super majorities in both the Illinois House and Senate.

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Quick Hit
by Aricka Flowers
8:56pm
Tue Nov 27, 2012

Durbin Talks Progressive Solutions To The Fiscal Cliff (VIDEO)

U.S. Sen. Dick Durbin (D-IL) says the fiscal cliff can be avoided if lawmakers make the right choices and outlined a progressive plan for them to do just that. The Senate's number 2 Democrat says taxes are the first issue that needs to be addressed followed by reforming entitlements; the latter of which Republicans are adamant about tying to any deal that addresses the fiscal cliff.

"President Obama and Democratic candidates campaigned on the idea that the wealthiest Americans should be asked to pay a little more in taxes -- and voters endorsed it," Durbin said today at a speech for the Center for American Progress.

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Quick Hit
by Matthew Blake
7:22pm
Wed Nov 14, 2012

Why The City Council Will Rubber Stamp Emanuel's Budget

Protesters organized by Stand Up! Chicago staged a “die-in” yesterday at Chicago's City Hall lying motionless on the floor to represent what they say is the devastation that Mayor Rahm Emanuel’s budget will inflict on Chicago neighborhoods.

The advocates' message has mostly fallen on deaf ears in the city council. Aldermen are expected at a council meeting tomorrow to easily pass a budget that Emanuel presented just last month. The only questions are whether the vote will be unanimous and what, if any, items in the $6.54 billion package will be modified.

There was hope when Emanuel became mayor last year of more give and take between the city manager and council on the Windy City’s annual budget. Why has this not happened? Read more »

PI Original
by Matthew Blake
12:57pm
Wed Nov 14, 2012

Democratic Super Majority May Change Little In Springfield

The election was a triumph for Illinois Democrats and a disaster for Prairie State Republicans, with Democrats gaining super majorities in both the Illinois House and Senate. But what progressive policy will emerge from Springfield’s new make up is hard to discern.