Posts tagged "taxes"

Proverbial wall to legalization in new immigration bill is border security

Proverbial wall to legalization in new immigration bill is border security
There are undocumented immigrants in Chicago who crossed the border to get here; came on expired visas and were brought by their parents as minors. They are high school students, university graduates, dishwashers and mothers. Many of these immigrants are my neighbors. And they’ve all been waiting for the immigration legislation that President Barack Obama... Read more »

Tax season 2012: fewer opportunities to rip off the poor

Tax season 2012: fewer opportunities to rip off the poor
Would you take out a loan with an interest rate of 50 percent? How about 500 percent? It sounds ridiculous, but it’s a common practice during tax filing time. Tax preparers around the country have offered refund anticipation loans, meaning they’ll advance you the money that you’re going to collect from Uncle Sam. But these... Read more »

Northwestern study says the 1 percent aren't so bad

Northwestern study says the 1 percent aren't so bad
America’s wealthiest 1 percent have gotten a bad rap as of late. Depending on your perspective, you might think their representation as greedy, disinterested and selfish is or isn’t deserved. But some social scientists at Northwestern University decided to survey 104 Chicago-area households that make more than $7.5 million to ask them about their attitudes... Read more »
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New report: Latinos in Chicago contribute more in tax revenue than public services received

The Latino population in the Chicago area contributed more in tax revenue than the cost incurred by local governments to deliver public services, a newly released study found. Latinos contributed almost $1.2 billion more in tax revenues than the cost of public services such as education, health care and other services like public safety, according... Read more »

Chicago activists tell Senator Kirk: Don't balance the budget on the back of the poor!

The government shutdown was averted. But we still don’t know what exactly has been cut from the federal budget, the $38 billion that finally led to a compromise. Activists from 10 Chicago organizations aren’t waiting to find out. They’re standing up to let U.S. Sen. Mark Kirk know they don’t want cuts to human services.... Read more »

How poor folks get swindled at tax time

I saw two of them just this morning. Those tax guys in statue of liberty garb, waving their signs on street corners. Tax places seem to sprout up out of nowhere this time of year, filling any empty storefront they can find. “Get your refund today!” they cry, trying to replace something everyone hates (doing... Read more »
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News Roundup: Chicago police expand controversial Taser use

Also in the news… The Illinois Secretary of State and police are investigating allegedly forged notary signatures on on hundreds petitions for state Sen. James Meeks, Carol Moseley Braun, Patricia Van Pelt-Watkins and Rob Halpin, who dropped out of the race for mayor yesterday. The state’s tax amnesty program brought in $82 million more than... Read more »

News Roundup: Measure to extend jobless benefits fails to pass the House vote.

While Illinois unemployment rate crept down last month, the state remains plagued by unemployment in the country’s tepid economic recovery. While the federal unemployment benefits are set to run out over the holiday season, a measure to extend the benefits failed to pass with the two-thirds majority required by the tactic used to bring the... Read more »

News Roundup: Dependence on government grew 14 percent last year

Americans, as a whole, became 13.6 percent more dependent on our government in 2009,  according to a new study by the Heritage Foundation. Housing assistance in particular saw the largest increase since the foundation created the Index of Dependence on Government in the 1960s. Welfare and low-income healthcare spending also spiked. More at chicagoreporter.com Also... Read more »
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News Roundup: Daley focuses parts of budget on neighborhood safety, economic recovery

In his final budget briefing, Mayor Daley announced that he will use $38 million in surpluses from the city’s Tax Increment Financing districts to balance the budget. He also noted that spending  will be limited almost exclusively to projects focused on neighborhood safety and economic recovery. More at chicagoreporter.com   Also in the news… Democratic... Read more »