Every state with a progressive tax also taxes retirement income – Illinois Policy

Another thing progressive income tax states have in common is low growth rates. Four of the five slowest growing states – West Virginia, Connecticut, Vermont and Mississippi – all have progressive income taxes, according to a study by the Illinois Policy Institute. The fifth state on the slow-growth list is Illinois.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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