-- Connecting the dots between our economy, government and business --
Two laws that exist now in California are being considered in Illinois: The NET-Z coalition is pushing legislation to mandate an increasing percentage of heavy- and medium-duty trucks sold in Illinois to be electric or hydrogen fuel cell vehicles, and a second bill reclassifies independent contractors as employees, essentially eliminating the independent contractor and the owner/operator model from the trucking industry.
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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You can always count on the so called “progressives” to make a situation worse with their insane ideas.
I suggest they truck on out of Illinois and never come back. That will show em!
What it means is higher cost and higher prices paid for by the consumer. Illinois and California have one thing in common, people are leaving the state.