Illinois economy

As energy experts continue warning about the future needs of our electric grid, Illinois leaders have a responsibility to focus on policies that strengthen long-term reliability and affordability. #energy

The Comprehensive Climate Action Plan is intended to provide a roadmap for Illinois to reduce its carbon footprint to as little as 72% below its 2005 baseline. It also outlines two scenarios under which Illinois could virtually eliminate all carbon emissions. #epa #emissions #capitolnewsillinois

Corbett argued that licensing delays have consequences beyond the professionals waiting for approval. He said workers can lose wages while waiting, businesses can struggle to find qualified employees and the state can lose potential tax revenue. #licensing #online

NASCAR and Chicago tourism officials reported that the 2024 race produced an estimated $128 million in total economic impact and $9.6 million in state and local taxes. #nascar #centersquare

Bryan Riley, director of the National Taxpayers Union’s Free Trade Initiative, said tariffs imposed by President Donald Trump cost about $3,300 per household in Illinois, even though families may not be paying that much directly. #centersquare #tariffs

“We're going to be changing the name of Lake Ontario effective immediately to Lake America. We lose on average over the last 15 years $60 billion a year carrying Canada. So we just can't do it anymore,” Trump said. #centersquare #trump #pritzker

“It adds a new surcharge on successful, profitable workers' compensation insurance companies, and then it adds new restrictions on potential liability on employers,” Melin told The Center Square. #centersquare #workerscomp

The Democratic Party of Illinois contends that the conflict with Iran has contributed to higher fuel prices and increased government spending. #trump #gas #iran

The Liberty Justice Center sued the federal government alongside small businesses, arguing Trump’s “Liberation Day” tariffs were illegally imposed under the International Emergency Economic Powers Act. The group won their lawsuit Feb 20. #jbpritzker #tariffs #centersquare

Balkema, R-Channahon, said the relocation shows Illinois needs to rethink its approach to economic policy. “I’m happy that that is occurring, but I also understand it,” Balkema said. “As I tour businesses throughout the district and the state, the top two things that businesses fear about Illinois and need help in is rules and regulations is absolutely the number one.” #centersquare #truevalue #buisness