Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
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Audio and summary linked here.
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A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
The fantasy writers are out this morning, churning out happy stories about enabling Mom and Pop pharmacies to build parking lots. In fact, Walgreens, owned by Sycamore Partners, the private equity firm with $11 billion under investment, is the largest beneficiary of this distribution: 135 Walgreens pharmacies each received $56,892 for a total distribution to Walgreens of $7.7 million, or 31% of the total dispensed to “save the little pharmacies”. Why is Illinois sending $7.7 million of the mostly employer funded head tax ($15 per covered person annually) to an entity that is closing stores in Illinois, in Cook County… Read more »