Illinois
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Wirepoints Updated Thu, 26 Apr 2018 01:47:32 +0000
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-- Connecting the dots between our economy, government and business --

No veto override for gun dealer licensing law – ABC Chicago

Category Illinois News
Published: Thu, 26 Apr 2018 01:47:32 +0000
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State legislators approve spending $800 million for union raises in party-line vote – INN

Category Top Illinois Stories
Published: Thu, 26 Apr 2018 01:13:50 +0000
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So Long, California. Sayonara, New York – Wall Street Journal

Category Top Illinois Stories
Published: Thu, 26 Apr 2018 01:01:32 +0000
Also in big trouble are Connecticut and Illinois, where the overall state and local tax burden (especially property taxes) is so onerous that high-income residents will feel the burn now that they can’t deduct these costs on their federal returns. Blue states will lose millions of people in the years to come—and they aren’t ready.  more...

The Great Exodus Out of America’s Blue Cities – The Hill

Category Top Chicago Stories
Published: Wed, 25 Apr 2018 23:58:14 +0000
"New York, Los Angeles, Chicago — the places where power and capital have traditionally congregated — have become so over-regulated, so overpriced and mismanaged, and so morally bankrupt and soft on crime that people are leaving in droves."  more...

Illinois pays more to borrow as investors worry about state’s prospects – The Bond Buyer

Category Top Illinois Stories
Published: Wed, 25 Apr 2018 23:27:47 +0000
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Who Ruined Illinois? – Governing

Category Illinois News
Published: Wed, 25 Apr 2018 21:20:01 +0000
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WBEZ-FM rolls out major ad campaign touting the station’s journalism – Chicago Business Journal

Category Media Watch
Published: Wed, 25 Apr 2018 21:02:55 +0000
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A 48,000% Return on a Painting May Be Illinois’ Best Investment – Bloomberg

Category Illinois News
Published: Wed, 25 Apr 2018 20:08:35 +0000
The Metropolitan Pier and Exposition Authority voted Tuesday to sell a painting by Chicago artist Kerry James Marshall, estimated at $8 million to $12 million, at a Sotheby’s auction next month. The MPEA purchased the monumental canvas “Past Times” for $25,000 in 1997,  more...

Illinois’ 4 pillars of bad budgeting – Opinion – State Journal-Register

Category Illinois News
Published: Wed, 25 Apr 2018 20:05:23 +0000
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Trump tax-cap workaround picks up steam—and some legal backing – Crain’s

Category Illinois News
Published: Wed, 25 Apr 2018 19:33:39 +0000

Despite that momentum, major doubts remain about whether such a provision would be upheld by the IRS. Specifically, some financial experts say, establishing a system in which Illinois taxpayers would donate to a charity supporting local public schools and, in exchange, get a credit on state income taxes that would be fully deductible on their federal returns is a little too cute to make it past the tax agency.

But now, a Chicago tax law expert who has researched the issue says he's concluded conventional wisdom is wrong, and the proposed workaround "might just work."

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