New bill would lower sales tax for gun safes, locks – Center Square

Ulrick Boesen, a spokesperson for the nonpartisan Tax Foundation, said that from a tax perspective, the bill won’t do much. “Introducing these carve-outs for individual products makes the sales tax less effective on what it is there to do. We need to look at the overall sales tax for all products rather than individual products.”

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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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