Illinois’ Third House – Chicago Tribune/MSN

The cozy, at times co-dependent, relationship between lawmakers and lobbyists, coupled with some of the flimsiest regulations in the country, contributes to the greed and graft that permeate Illinois politics. And while it’s clear there is good money to be made in the lobbying business, there’s no way for the public to know exactly how much is being spent to shape state law on behalf of powerful interests because, unlike the federal government, about half the states and even the city of Chicago, the state of Illinois doesn’t require lobbyists to disclose any information about their compensation.

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Editorial: Progressive-income-tax plan back on Legislature’s drawing board – Champaign News-Gazette

“If past is prologue, the people of Illinois will be hearing quite a bit about both issues in the coming months. They should remember that, despite multiple pledges to address the property tax issue in the past, the legislature has done little to nothing. In that respect, rhetoric promoting a progressive income tax amendment would have the same negligible impact on the property tax issue.”

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A look at artifacts inside the Obama Presidential Center Museum – NBC5 (Chicago)

The second level will feature the history that made Obama’s presidency possible. The third level will feature the history of the two terms of the Obama presidency, organized not in chronological order but thematically, focusing on issues like health care, the economy, education, immigration, wars and the military. The fourth level will explore the idea of making the White House the “People’s House,” with a more inclusive set of visitors than ever before. and Level Five will focus on the social movements that continued after Obama’s term.

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Killing extra pension payment could spare Mayor Brandon Johnson and aldermen political headaches, but cost Chicagoans later – Chicago Tribune/MSN

“When you say supplemental it sounds like extra,” Chief Financial Officer Jill Jaworski said. But the city’s four pension funds are in such dire straits, the supplemental payments only help stop the bleeding, she said. Continuation of the smallish payments now would help shrink the city’s pension contribution tab by $3.9 billion through 2055, according to Jaworski.

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Chicago Mayor Johnson’s Budget Betrayal Would Raise Taxes on Small Businesses – Reason

“It is not a mere matter of dollars and cents. Many of these businesses are located in the South Side of Chicago, which borders the Indiana state line. This poses a particular problem given that the Hoosier State’s excise tax for distilled spirits sits at $2.68 per gallon. Chicago’s current rate—when combined with Illinois’ state liquor tax—is already over $13 per gallon. ‘It is cheaper for Illinois retailers [such as neighborhood liquor stores] to buy at retail in Indiana than to buy at wholesale in Illinois,’ wrote Sean O’Leary, former chief legal counsel of the Illinois Liquor Control Commission…”

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Possible Chicago liquor tax hike would be a disaster for business, hospitality industry says – CBS2 (Chicago)

At the Irish Nobleman, owner Declan Morgan says his neighborhood pub simply can’t take on any more taxes without cutting staff or passing it on to customers. “It’s disappointing. it’s a great city. But so many restaurants and bars are closing down all over this city and state,” Morgan said. “We’re definitely looking at leaving the city, so, Chicago is doing us no favors.”

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Column: Local governments beginning to reinstate grocery tax – Kankakee Daily Journal

“Remember, the state suspended the tax statewide for all of fiscal 2022. In so doing, it agreed to cover the shortfall for local governments, which ended up costing $252 million. With 12.5 million Illinoisans, that’s $20.16 per person — almost 39 cents per week. Certainly, there are people who don’t qualify for government aid for grocery purchases but find $20 per year meaningful. But that population isn’t going to move the political needle away from the type of budget cuts a community might need to cover a seven-figure budget hole.”

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Roosevelt University president apologizes after saying he was ‘discouraged’ and ‘disheartened’ by people who voted for Trump – Campus Reform

The Chicago institution is popularly known for its commitment to “social justice” with President Ali Malekzadeh even being the host of the campus “And Justice For All Podcast” aimed at “exploring the relationship between education and justice, and the transformative power of inclusive education.”

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Rivian & Volkswagen Throw Each Other A Lifeline –

Volkswagen has raised its investment in the new joint venture by an additional $800 million, signaling its commitment to its new US partner even as electric vehicle demand softens and the incoming Trump administration threatens to curtail supportive policies. The increase may ease concerns about Rivian’s cash flow problems.

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