Tagged: Latest

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THE MIDWEST RAIL PLAN IS “A DISASTER IN THE MAKING”

The plan by Midwestern states to squander up to $12 billion of federal funds on a “Midwest Regional Rail Plan” is a disaster in the making, according to Randal O’Toole, Cato Institute senior fellow specializing in land‐​use and transportation issues.

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MASSIVE ILLINOIS UNEMPLOYMENT BENEFITS DESTROYING STATE’S WORK ETHIC

“Illinois’ extraordinarily-large unemployment benefits are destroying the work ethic of the state’s formerly-employed men and women, making them more dependent on government,” said Jim Tobin, economist and president of the Taxpayer Education Foundation (TEF), “and maybe that’s what the Democrats running the state want.”

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STATE TAX INCENTIVES HAVE HIDDEN COSTS

View As PDF States offer tax incentives with the goal of encouraging new investment and economic development in their state, but just because most states offer numerous incentives doesn’t mean doing so is the...

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CHICAGO TO ST. LOUIS “HIGH SPEED” RAIL EATS TAXPAYER DOLLARS, YIELDS NOTHING

The state of Illinois received $1.343 billion from the federal high-speed rail fund, plus $46 million in TIGER (Transportation Investment Generating Economic Recovery) funds to speed up and increase frequencies between Chicago and St. Louis, writes Randal O’Toole, senior fellow with the Cato Institute specializing in transportation and land use policy, in his study, “The High-Speed Rail Money Sink.”

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OBAMA’S BULLET TRAIN BITES THE BULLET

In 2009 and 2010, President Obama persuaded Congress to dedicate $10.1 billion to high-speed rail projects around the country. Millions of taxpayer dollars poured in from all over to supplement this fool’s errand.