Tag: Illinois
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IL’s ‘Amazon-tax law’ Unconstitutional – 9K Jobs Lost for Nothing
An Illinois law aimed at leveling competition between online and offline retailers while collecting more state sales taxes owed from Internet purchases is unconstitutional a Cook County judge said Wednesday. … In March 2011, Illinois passed the Main Street Fairness Act, informally dubbed the Amazon-tax law.Before the law, online retailers were forced to collect and…
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lllinois Moves Toward Insolvency
We’re now making national news: After trying to tax Illinois to governmental solvency and economic dynamism, Pat Quinn, a Democrat who has been governor since 2009, now says “our rendezvous with reality has arrived.” … Illinois was more heavily taxed than the five contiguous states (Indiana, Kentucky, Missouri, Iowa, Wisconsin) even before January 2011, when…
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Illinois Teachers’ Pension Troubles
It’s important to note that this fund do NOT include CPS teachers. Illinois public school teachers and retirees could have reason to worry about the kinds of pension checks they will be getting down the line. … The Springfield State-Journal register reported over the weekend that pension director Dick Ingram sent a memo to his…
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Chicago Business Round-Up
Cruising the local business section I found the following: Caterpillar Opening Facility in Mexico Peoria-based Caterpillar said Friday it is building a parts distribution center in Mexico that will employ up to 150 people. … The 500,000-square-foot facility will be in San Luis Potosi, and it’s expected to be operational in mid-2013. The new plant…
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Athens: Our Future?
BBC News has a few shots of Athens. On one of the photos there’s an interesting quote by on of the protesters. “Even if they eat the flesh of the people, bankruptcy will not stop. It will just get worse. That is why we support a write off of the whole debt and to be…
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Who’s Pro Business?
Recently published is a series of stories on where it’s easier/better to start and run a business. Whether we like it or not, businesses employ people; people do not employ businesses. Creating and maintaining a pro-business environment is not easy. But sure Illinois generally, and Chicago specifically, are failing… or are they? First, a national…