WBEZ | taxes http://www.wbez.org/tags/taxes Latest from WBEZ Chicago Public Radio en Obama administration won't seek to end 529 college tax break http://www.wbez.org/news/obama-administration-wont-seek-end-529-college-tax-break-111466 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/flickr bradley gorden backpacks.PNG" alt="" /><p><div class="storytext storylocation linkLocation" id="storytext"><p>Reversing what had been an unpopular approach, the White House says it is dropping the idea of ending a tax break for 529 college savings plans. Critics had called the proposal a tax hike. All 50 states and the District of Columbia sponsor 529 plans.</p><p>Money in 529 accounts is meant to grow along with future college students, and then be distributed to pay for education expenses without being taxed.</p><p>As <a href="http://www.npr.org/2015/01/27/381783199/obama-takes-heat-for-proposing-to-end-college-savings-break">NPR&#39;s Tamara Keith reported</a> this morning, &quot;It&#39;s a pretty good deal, and one that&#39;s been around since 2001. But the White House says fewer than 3 percent of families use these accounts &mdash; and 70 percent of the money in them comes from families earning more than $200,000 a year.&quot;</p><p>Obama&#39;s plan had been to end the tax benefit for future contributions, replacing it with other education and tax proposals. But the idea drew bipartisan criticism, and the White House said today that it will now ask Congress to focus on &quot;a larger package of education tax relief that has bipartisan support,&quot; along with proposals the president mentioned in his State of the Union speech.</p><p>NPR&#39;s Keith confirmed the reversal Tuesday. <a href="http://www.nytimes.com/2015/01/28/us/politics/obama-will-drop-proposal-to-end-529-college-savings-plans.html">The New York Times</a> reported the news today, saying that the president was &quot;facing angry reprisals from parents and from lawmakers of both parties.&quot;</p><p>The move comes a day after Rep. Lynn Jenkins, R-Kan., <a href="http://lynnjenkins.house.gov/press-releases/reps-jenkins-kind-introduce-legislation-to-expand-strengthen-529-college-savings-plans1/">introduced a bill</a> that would expand college savings plans instead of limiting them.</p><p>Today, Jenkins said her bill would &quot;further promote college access and eliminate barriers for middle class families to save and plan ahead. It would also modernize the program by allowing students to purchase a computer using their 529 funds.&quot;</p><p>House Speaker John Boehner, who had urged Obama to keep the 529 plans intact, says he&#39;s glad the president &quot;listened to the American people and withdrew his proposed tax hike on college savings.&quot; He added, &quot;This tax would have hurt middle-class families already struggling to get ahead.&quot;</p><p>Aides familiar with the conversations tell NPR&#39;s Keith that House Minority Leader Nancy Pelosi urged preserving the 529 provisions today, as she traveled with the president on Air Force One from India to Saudi Arabia.</p><p>You can read about 529 plans at the <a href="http://www.sec.gov/investor/pubs/intro529.htm">SEC website</a>, as well as at the <a href="http://www.irs.gov/uac/529-Plans:-Questions-and-Answers">IRS site</a>.</p><p>&mdash; <em><a href="http://www.npr.org/blogs/thetwo-way/2015/01/27/381967958/obama-administration-won-t-seek-to-end-529-college-tax-break" target="_blank">via NPR</a></em></p></div><p>&nbsp;</p></p> Tue, 27 Jan 2015 18:40:00 -0600 http://www.wbez.org/news/obama-administration-wont-seek-end-529-college-tax-break-111466 Morning Shift: Carl Sandburg's Chicago, 100 years later http://www.wbez.org/programs/morning-shift-tony-sarabia/2014-03-28/morning-shift-carl-sandburgs-chicago-100-years-later <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/Cover Flickr Thundercheese.jpg" alt="" /><p><p>We announce the winner of our Carl Sandburg poetry contest and dive into Sandburg&#39;s famous &quot;Chicago&quot; poem. And, we enter the world of geeks and nerds.</p><div class="storify"><iframe allowtransparency="true" frameborder="no" height="750" src="//storify.com/WBEZ/morning-shift-carl-sandburg-s-chicago/embed?header=false" width="100%"></iframe><script src="//storify.com/WBEZ/morning-shift-carl-sandburg-s-chicago.js?header=false"></script><noscript>[<a href="//storify.com/WBEZ/morning-shift-carl-sandburg-s-chicago" target="_blank">View the story "Morning Shift: Carl Sandburg's Chicago, 100 years later" on Storify</a>]</noscript></div></p> Fri, 28 Mar 2014 08:43:00 -0500 http://www.wbez.org/programs/morning-shift-tony-sarabia/2014-03-28/morning-shift-carl-sandburgs-chicago-100-years-later Why does Chicago still have such high gas prices? http://www.wbez.org/news/why-does-chicago-still-have-such-high-gas-prices-107356 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/Chicago gas explainer.jpg" alt="" /><p><p>It&rsquo;s Memorial Day weekend, which means more people are hitting the road...and slapping their foreheads when they see the price at the pump. Especially in Chicago.</p><p>According to a <a href="http://www.lundbergsurvey.com/csp_c.aspx" target="_blank">recent Lundberg Survey</a> the price of a gallon of gasoline in the United States rose sharply in the last two weeks because of outages at Midwest and West Coast refineries</p><p>But gas prices in Chicago are often higher than the rest of the country. Higher than New York, Los Angeles &mdash; even Hawaii.</p><p>But why? Chicago isn&rsquo;t far from oil-rich Canada and there&rsquo;s a huge refinery right next door.</p><p>Even longtime Chicagoans don&rsquo;t seem to know why gas is so expensive in the city.</p><p>&quot;I don&rsquo;t know? I think people in high office do what they want and we just have to go with the flow,&rdquo; said Kuri Roundtree, who pulled into a BP gas station at Roosevelt and Wabash in the South Loop earlier this week. &ldquo;I think it&rsquo;s ridiculous. It costs me $70 dollars to fill up my SUV. I&rsquo;m sure I&rsquo;m not the only person complaining about this gas. All of my family members hate going to the gas station.&quot;</p><p>Finding the answer to Chicago&rsquo;s expensive gas mystery is actually not that obvious.</p><p>&ldquo;Chicago is unique for a few different reasons. Even prices outside our region could be going down while our prices are going up,&rdquo; said Patrick DeHaan, senior petroleum analyst for GasBuddy.com.</p><p>DeHaan says many factors that help set gas prices for the entire country are simply out of our control. For starters, the sky high price of crude oil on the global market.&nbsp; Thanks to demand in Asia, turmoil in the Middle East and good ol&rsquo; Mother Nature &mdash; like the flooding we experienced earlier this month.</p><p>&ldquo;There&rsquo;s nothing really to fix,&rdquo; DeHaan said. &ldquo;That&rsquo;s just the way the free market works with gasoline. Prices go up and down.&rdquo;</p><p>Still, if you live in Chicago, it&rsquo;s usually up.</p><p>Another reason for this is the process of refining the crude oil before it gets to the pump.</p><p>There are four refineries that generally serve the Chicago market, including BP&rsquo;s massive refinery in nearby Whiting, Indiana, right across the state border.</p><p>The Whiting refinery has been around longer than there have been automobiles. It was part of John D. Rockefeller&rsquo;s Standard Oil empire in the late 1800s. Of course, it&rsquo;s more expensive now to refine crude oil than it was back then primarily because of environmental regulations.</p><p>You&rsquo;ve probably heard about the cleaner burning &ldquo;summer blend&rdquo; that the Environmental Protection Agency requires for cities like Chicago.</p><p>&ldquo;Summer gasoline, or gasoline with a different RVP, is a different formulation. You can&rsquo;t use some of your lighter ends, such as your butanes to add to the volume of the gasoline, because it would evaporate out in the higher temperatures so it is more expensive in the summer,&rdquo; said BP Whiting senior spokesman Scott Dean.</p><p>Unfortunately for Chicago&rsquo;s gas customers, the city&rsquo;s close proximity to the BP Refinery doesn&rsquo;t help much in keeping costs down. Dean says that&rsquo;s not how wholesale pricing works.</p><p>&ldquo;It&rsquo;s called the rack price,&rdquo; Dean said. &ldquo;The rack price is what the tanker truck driver who may be representing any number of companies, will go, will get the fuel, will pay whatever the rack price of what they&rsquo;ve agreed to. And, the retailer will then determine the final price that they sell on the street.&rdquo;</p><p>Customers may also have a desire to blame gas station owners for the high price of gasoline. But Beth Mosher, spokeswoman for AAA Chicago Motor Club, says it&rsquo;s not their fault.</p><p>&ldquo;Everybody wants to take it out on their local gas station owner why these prices are so high,&rdquo; Mosher said. &ldquo;But the reality is when the prices are this high the profit margins for these gas stations are so thin, they are going to make more from a bag of doritos that they are selling you than they are the gas.&rdquo;</p><p>Mosher says the final factor for high gasoline prices can be pinned on the tax man.</p><p>&ldquo;First and foremost, we have to talk about the high taxes in Chicago,&rdquo; she said. &ldquo;About 70 cents on the gallon is what people pay in Chicago for gas taxes, really, really a high number, especially given the statewide average is 49 cents on the gallon.&rdquo;</p><p>Those figures can fluctuate, but that means generally 70 to 90 cents for every gallon of gas pumped in Chicago goes to taxes.</p><p>For example, if gas costs $4.67 a gallon that means 18 cents goes to the federal government; 43 cents for the state. And if you live in Chicago, tack on another 33 cents for Cook County and the city.</p><p>That includes sales and motor fuel taxes, the latter of which goes to pay for roads and bridges and some of the capital projects.</p><p>Although increasingly that money is being diverted to pay for things like pensions.</p><p>Another factor that hits wallets particularly hard is the way all levels of government in Illinois levy sales tax on gasoline purchases. The state of Illinois alone charges 6.25 percent sales tax. Twenty years ago when gas was much cheaper that meant just pennies on the dollar. But now that can be an extra 20 cents or more per gallon since the higher the gas price, the more taxes you pay.</p><p>&ldquo;Most states don&rsquo;t do that. Most states tax only based per unit, per gallon if you will. So, even if the cost goes up, the amount of tax you pay does not go up in terms of your overall cost,&rdquo; said John Tillman, Chief Executive Officer for the Illinois Policy Institute, based in downtown Chicago.</p><p>Last summer, the Institute called for the state sales tax to be changed so it&rsquo;s based on the number of gallons purchased, and not the price. The proposal fell on deaf ears in Springfield.</p><p>Still, if prices aren&rsquo;t coming down anytime soon, what are drivers supposed to do?</p><p>Well, for one thing, we can buy less gas.</p><p>&ldquo;We urge people not to wait for the government to do things but start consolidating your trips and take the L or the Metra train if that&rsquo;s a possibility to you,&rdquo; Mosher said. &ldquo;Do things on your own to start getting better gas mileage out of your car.&rdquo;</p><p>But even if you buy that fuel efficient hybrid or an electric car, drivers still might not be out of the woods when it comes to paying higher gas taxes.</p><p>Lawmakers in Springfield are talking about boosting motor fuel taxes to make up the lost revenue from fuel-efficient cars that use less gas. They may even impose fees on the fuel-efficient vehicles themselves to help fund road repairs.</p><p>One supporter of this proposal is Doug Whitley, president and CEO of the Illinois Chamber of Commerce.</p><p>Whitely is also co-chair of the <a href="http://tficillinois.org/" target="_blank">Transportation for Illinois Coalition</a> which has been in Springfield pushing an increase to Illinois&rsquo; motor fuel tax. Although with only one week remaining in the state&rsquo;s spring schedule, he says most lawmakers are focused on issues like pensions, conceal-carry and same-sex marriage.</p><p>&ldquo;The state&rsquo;s capital program to fund construction for roads, bridges and transit falls off the cliff next year. That fiscal cliff we heard about in Washington also exists in Springfield,&rdquo; Whitely told WBEZ this week.</p><p>Whitely explained that the state&rsquo;s fiscal program that started in 2009 will expire in the next fiscal year.&nbsp;</p><p>&ldquo;There&rsquo;s discussion of how to keep capital dollars flowing to the state and local government and the transit districts so they can continue to build, maintain and modernize and handle their construction needs,&rdquo; Whitely said.</p><p>Whitely said one proposal garnering a lot of attention is the idea of abolishing Illinois&rsquo; 19 cent motor fuel tax and establishing a new sales tax on fuels. A similar plan was just implemented in Virginia.</p><p>&ldquo;The motor fuel tax was last increased 23 years ago and there&rsquo;s no growth in that tax in large part because of the mile-advantages of today&rsquo;s more fuel efficient cars can take advantage of,&rdquo; Whitely said. &ldquo;We already have cars getting 50 miles to the gallon and electric cars, so the motor fuel tax isn&rsquo;t putting the money into the road fund to support construction.&rdquo;</p><p>Another idea is to levy new taxes or registration fees on hybrids and electric cars directly.</p><p>&ldquo;If you have an electric car, you&#39;re really getting away to use the roads but not having to pay much for them,&rdquo; Whitely said.</p><p>Whitely is sympathetic to Chicago area residents who already pay a lot of taxes on gas. &ldquo;But if you want to continue to have transportation systems that are modern, efficient, clean and safe, there&rsquo;s going to be a cost related to that,&rdquo; he said.</p><p>&ldquo;The bottom line is, there is no free lunch.&rdquo;</p><p dir="ltr" id="docs-internal-guid-393eb71c-d7eb-292a-bd1c-de35c9fd58e4"><em>Michael Puente is WBEZ&#39;s Northwest Indiana bureau reporter. Follow him on Twitter <a href="https://twitter.com/MikePuenteNews">@MikePuenteNews.</a></em></p></p> Fri, 24 May 2013 13:04:00 -0500 http://www.wbez.org/news/why-does-chicago-still-have-such-high-gas-prices-107356 Evanston prevails over new Jewish boys’ school http://www.wbez.org/sections/religion/evanston-prevails-over-new-jewish-boys%E2%80%99-school-106969 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/Jewish school.jpg" alt="" /><p><p>An Orthodox Jewish school has lost <a href="http://www.wbez.org/story/evanston-favors-vacant-lot-over-school-92297" target="_blank">a legal battle</a> with the City of Evanston in its bid to open a new learning facility there. In 2006, the Joan Dachs Bais Yaakov Elementary School purchased the former Shure Brothers electronics company building along Evanston&rsquo;s southwest border. They hoped to renovate the property into a new facility for early child education and for its growing boys&rsquo; school, which is currently located in Chicago&rsquo;s West Ridge neighborhood on the far North Side.</p><p><a href="http://www.cityofevanston.org/news/assets/Opinion%20and%20Order%20d%20%204-30-13.pdf" target="_blank">In a ruling this week</a>, Cook County Judge Mary Anne Mason sided with the City of Evanston, which denied the school permission to use the land for anything other than industrial purposes.</p><p>&ldquo;They made a business decision to go ahead and purchase the property, knowing that they still had a number of steps to go through afterwards to secure city approval,&rdquo; said Grant Farrar, Corporation Counsel for the City of Evanston. &ldquo;The City of Evanston was concerned about removing this property from the tax rolls.&rdquo;</p><p>Forty percent of Evanston&rsquo;s land is tax-exempt, owned by religious institutions, universities, and nonprofits. Some Evanston aldermen expressed concern that reclassifying the zoning for the school&rsquo;s property from light industrial to commercial, which would allow for use as a school, would permanently chip away at an already-diminishing property tax base. Evanston&rsquo;s industrial sector has thinned during the last several decades.</p><p>The board purchased the property for $2 million with knowledge that they would have to secure a change or exception to the zoning rule. They did not include a contingency clause in their purchase that would nullify the purchase if they failed to obtain the zoning -- a precaution that is common in similar cases. Still, representatives of the Joan Dachs Bais Yaakov Elementary School say they intend to fight further by appealing the ruling.</p><p>&ldquo;We continue to believe that that is an ideal property,&rdquo; said Moshe Davis, president of the school&rsquo;s board. &ldquo;We&rsquo;re looking at all options because we have to make sure that our children are taken care of.&rdquo;</p><p><em>Odette Yousef is the reporter for WBEZ&#39;s North Side Bureau. Follow her <a href="http://twitter.com/oyousef" target="_blank">@oyousef</a>.</em></p></p> Fri, 03 May 2013 09:03:00 -0500 http://www.wbez.org/sections/religion/evanston-prevails-over-new-jewish-boys%E2%80%99-school-106969 Cook County Commissioner William Beavers corruption trial off to slow start http://www.wbez.org/news/cook-county-commissioner-william-beavers-corruption-trial-slow-start-106021 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/beavers and sam adam jr_130311.JPG" alt="" /><p><p>Cook County Commissioner William Beavers&rsquo; corruption trial got off to a slow start Monday.</p><p>Beavers and his attorneys appeared in court to go over some last minute details of the case. Some of the discussion was about jury selection, which now is scheduled to start Tuesday. Prosecutors also said they intend to bring up the commissioner&rsquo;s 2005 tax returns in their opening statements.</p><p>Judge James Zagel says he wants the jury to be anonymous until after the verdict because of the media attention.</p><p>After the hearing, Beavers told reporters he wants to testify because prosecutors quote &ldquo;tell some tall tales&rdquo; and he wants to straighten them out.</p><p>&ldquo;The problem here is you all think the government is so smart, that they can defeat everybody,&rdquo; Beavers said. &ldquo;Their thing is if you plead guilty. They try their best to get you to plead guilty. They don&rsquo;t win that many cases. They get people to plea. I&rsquo;m not pleading.&rdquo;</p><p>Beavers <a href="http://www.wbez.org/tax-trial-outspoken-cook-county-pol-begins-monday-106007">is charged with</a> not paying taxes on campaign funds that he allegedly used for personal expenses.</p></p> Mon, 11 Mar 2013 14:04:00 -0500 http://www.wbez.org/news/cook-county-commissioner-william-beavers-corruption-trial-slow-start-106021 Pension costs projected to take up nearly a fifth of Illinois' general budget http://www.wbez.org/news/pension-costs-projected-take-nearly-fifth-illinois-general-budget-105928 <p><p>Illinois Gov. Pat Quinn is expected to announce Wednesday that the state will spend almost a fifth of its general budget on pension payments next year.</p><p>In his budget address to state lawmakers, Quinn is expected to detail how he wants the state government to spend about $35.6 billion in the 2014 fiscal year. His budget office estimated the state will spend 19 percent of its general budget, more than $6 billion, on pension benefits alone.</p><p>&ldquo;This is extremely painful presentation that we&rsquo;re making,&rdquo; said Quinn&rsquo;s budget director, Jerry Stermer.</p><p>Stermer said that because more money would be going to pay teachers, judges and other state workers&rsquo; retirement benefits, there would be less cash for other state programs, including public schools.</p><p>Lawmakers have proposed some various measures to address the state&#39;s growing pension costs and $97 billion in unfunded liabilities, but legislative leaders and the governor have not come to an agreement.</p><p>Stermer said the governor is not proposing new taxes or fees in next year&rsquo;s budget. After Quinn won election in 2011, he raised the personal income tax and corporate income tax. Those rates are scheduled to drop somewhat in 2015, although it&rsquo;s likely to be a key topic of debate during next year&rsquo;s race for governor.</p><p>Meanwhile, the state is also dealing with a <a href="http://www.wbez.org/news/what-state-illinoiss-fiscal-house-105924">backlog of bills in the billions</a>, often paying vendors late. The governor&rsquo;s staff wouldn&rsquo;t say how he&rsquo;s proposing to cut the money owed, but his budget office projects the total backlog will be cut from $7.5 billion to $6.8 billion next year.</p></p> Wed, 06 Mar 2013 05:00:00 -0600 http://www.wbez.org/news/pension-costs-projected-take-nearly-fifth-illinois-general-budget-105928 Shoe tax backer seeks quarter in Illinois http://www.wbez.org/blogs/charlie-meyerson/2013-02/shoe-tax-backer-seeks-quarter-illinois-105371 <img typeof="foaf:Image" src="http://llnw.wbez.org/main-images/shoes.jpg" alt="" /><p><p><a href="http://www.chicagotribune.com/news/local/ct-met-shoe-tax-20130206,0,7935508.story" target="_blank" title="Shoes! by Keoni Cabral, on Flickr"><img alt="Shoes!" src="http://farm6.staticflickr.com/5209/5272762953_24eaf065bb_n.jpg" style="width: 300px; height: 179px; float: right;" /></a><strong>THERE&#39;S NO BUSINESS LIKE SHOE BUSINESS ...</strong>&nbsp;At least, for Illinois lawmakers looking for new cash. A proposal in the House would stamp gym shoes with&nbsp;<a href="http://www.chicagotribune.com/news/local/ct-met-shoe-tax-20130206,0,7935508.story" target="_blank">an extra 25-cent tax</a>&nbsp;to help high-school dropouts get jobs. But that&#39;s not the sole issue on the General Assembly&#39;s agenda:<br />*&nbsp;<a href="http://www.wbez.org/news/illinois-senate-committee-approves-gay-marriage-105354" target="_blank">Bill to legalize same-sex marriage</a>&nbsp;moves ahead.<br />* Governor to call for&nbsp;<a href="http://www.chicagotribune.com/news/local/ct-met-quinn-speech-preview-20130206,0,3073392.story">online voter registration</a>.</p><p><strong>GROCERIES CLOSING.</strong>&nbsp;Life&#39;s not getting easier for traditional grocery chains, squeezed between big-box retailers like Wal-Mart and specialty chains like Whole Foods and Trader Joe&#39;s. Latest to bite the dust: &nbsp;<a href="http://www.chicagotribune.com/business/breaking/chi-jewel-to-close-3-stores-in-chicago-aurora-niles-20130205,0,6986361.story" target="_blank">Three Chicago-area Jewel stores</a>.<br />* Illinois companies warn of&nbsp;<a href="http://www.chicagobusiness.com/article/20130205/NEWS07/130209908/companies-warn-of-nearly-1-200-layoffs-in-illinois" target="_blank">almost 1,200 layoffs</a>&nbsp;to come.<br />* Chicago area home&nbsp;<a href="http://www.chicagotribune.com/business/ct-biz-0206-foreclosure-auctions-20130206,0,4902617.story" target="_blank">foreclosure auctions hit post-crisis peak</a>.</p><p><strong>FAT LADY NOT SINGING. </strong>The case of the actor burned in a stunt at the Lyric Opera isn&#39;t closed. <a href="http://www.dnainfo.com/chicago/20130205/downtown/fire-breather-burned-during-lyric-opera-performance-come-home">The Occupational Safety and Health Administration</a> is talking to witnesses, performers and other employees.<br />* Injured performer is&nbsp;<a href="http://www.chicagotribune.com/news/chi-lyric-opera-fire-victim-wesley-daniel-recovering-20130205,0,4857550.story" target="_blank">President Truman&#39;s great-grandson</a>.</p><p><strong>&#39;WHAT IF IT HAD BEEN TERRORISM?&#39; </strong>When the blackout hit the Super Bowl, <em>The New Yorker</em>&#39;s Steve Coll asks of CBS News, &quot;<a href="http://www.newyorker.com/online/blogs/comment/2013/02/super-bowl-blackout.html" target="_blank">Why was there no ... information at all available beyond the no-commenting, self-protecting public-relations arm of the N.F.L. juggernaut</a>, to which we have become all too accustomed during its systematic campaign of denial about football-related concussions?&quot;<br />* Next, <a href="http://www.theatlanticwire.com/entertainment/2013/02/newtown-students-call-me-maybe-grammys/61834/" target="_blank">kids who survived the Newtown school shooting</a> may play the Grammys.<br />*&nbsp;<em>Slate</em>&#39;s Laura Helmuth: &quot;<a href="http://www.slate.com/articles/double_x/doublex/2013/02/danica_patrick_godaddy_ads_racing_s_fastest_female_is_throwing_the_women.html">People are right to be pissed at Danica Patrick</a>.&quot;<br />* WBEZ&#39;s Nico Lang:&nbsp;<a href="http://www.wbez.org/blogs/nico-lang/2013-02/catfishing-media-why-manti-teos-official-story-makes-no-sense-105344" target="_blank">Manti Te&#39;o&#39;s &quot;official&quot; story makes no sense</a>.</p><p><strong>STARTUP DREAMS UNLEASHED.</strong>&nbsp;&quot;For the first time in American history, <a href="http://www.chicagobusiness.com/article/20130205/OPINION/130139925/why-obamacare-will-ignite-your-startup-life" target="_blank">your health insurance is going to get unhitched from your oversized, shuffling, bureaucratic employer</a>,&quot; according to lawyer Coco Soodek.<br />* <a href="http://observer.com/2013/02/journalists-take-refuge-in-the-world-of-branded-content/?show=all" target="_blank">Out-of-work journalists</a> taking jobs in world of &quot;branded content.&quot;</p><p><strong>FED HACKED.&nbsp;</strong>The Federal Reserve says <a href="http://news.cnet.com/8301-1009_3-57567824-83/federal-reserve-confirms-its-web-site-was-hacked/" target="_blank">one of its internal Web sites was hacked</a>. It&#39;s playing down the impact, but the incident -- which comes just a few days after reports <a href="http://www.zdnet.com/anonymous-posts-over-4000-u-s-bank-executive-credentials-7000010740/">thousands of U.S. bank executive accounts were compromised</a> -- raises questions about U.S. financial-system security.<br />* <a href="http://thenextweb.com/asia/2013/02/06/rupert-murdoch-claims-chinese-hackers-are-still-attacking-the-wall-street-journal/" target="_blank"><em>Wall Street Journal</em> still under attack</a>, Murdoch says.<br />* Fox News&nbsp;<a href="http://www.politico.com/blogs/media/2013/02/dick-morris-out-at-fox-news-156210.html" target="_blank">cuts Dick Morris</a>&nbsp;loose.</p><p><strong>WHO TURNED OFF THE WATER?&nbsp;</strong>Lake Michigan&#39;s level is officially at&nbsp;<a href="http://www.jsonline.com/news/wisconsin/lakes-michigan-huron-hit-record-low-level-dq8loc2-189903561.html" target="_blank">an all-time low</a>.<br />*&nbsp;<a href="http://www.wbez.org/news/what%E2%80%99s-causing-record-low-levels-lake-michigan-105262" target="_blank">Don&#39;t blame bottled drinks</a>.</p><hr /><p><em><strong>ANNOUNCEMENTS.</strong><br />* Music that got this edition out the door: The oeuvres of <a href="http://en.wikipedia.org/wiki/Electric_Light_Orchestra" target="_blank">Electric Light Orchestra</a> and <a href="http://en.wikipedia.org/wiki/Foo_Fighters" target="_blank">Foo Fighters</a>.<br />* If you&#39;re not getting this blog by email, <a href="http://feedburner.google.com/fb/a/mailverify?uri=feedburner/AELk&amp;loc=en_US" target="_blank">sign up here</a>. Just think how easy it&#39;ll make the next <a href="http://www.wbez.org/blogs/charlie-meyerson/2013-01/its-news-quizzin-time-105270" target="_blank">news quiz</a> Friday.</em></p></p> Wed, 06 Feb 2013 05:00:00 -0600 http://www.wbez.org/blogs/charlie-meyerson/2013-02/shoe-tax-backer-seeks-quarter-illinois-105371 Chicago's gun paradox http://www.wbez.org/blogs/charlie-meyerson/2013-01/chicagos-gun-paradox-105234 <p><p><a href="http://www.nytimes.com/interactive/2013/01/29/us/where-50000-guns-in-chicago-came-from.html"><img alt="An engraved Colt Python displayed at the Chicago FBI offices, July 22, 2010. (AP / M. Spencer Green)" class="image-original_image" src="http://www.wbez.org/system/files/styles/original_image/llo/insert-images/AP100722113675%20%281%29.jpg" style="height: 203px; width: 300px; float: right;" title="An engraved Colt Python is displayed at the Chicago FBI offices, Thursday, July 22, 2010. Federal and local authorities say the weapons were seized after 23 people were arrested in and around Chicago by undercover officers. More than 60 guns were seized and the defendants charged with various state and federal weapons and drug violations. (AP Photo/M. Spencer Green)" /></a><strong>CHICAGO&#39;S GUN PARADOX. </strong>Despite bans on assault weapons and high-capacity magazines and no gun ranges, the city has a huge gun problem. <a href="http://www.nytimes.com/2013/01/30/us/strict-chicago-gun-laws-cant-stem-fatal-shots.html">A <em>New York Times</em> report</a> has put Chicago at the center of the national discussion on gun safety.<br />* <em>Times<strong>&nbsp;</strong>map: </em><a href="http://www.nytimes.com/interactive/2013/01/29/us/where-50000-guns-in-chicago-came-from.html">Where all those Chicago guns come from</a>.<br />* Strange days: Fox News&#39; <a href="http://www.mediaite.com/tv/oreilly-touts-new-york-times-report-on-chicago-gun-violence-clashes-with-kirsten-powers/">Bill O&#39;Reilly applauds <em>Times</em> report</a>.<br />* Emanuel&nbsp;<a href="http://www.dnainfo.com/chicago/20130130/chicago-citywide/hadiya-pendletons-killer-punk-who-robbed-chicago-rahm-emanuel-says">calls Chicago girl&#39;s shooter a &quot;punk.&quot;</a><br />* Commentary:&nbsp;<a href="http://slog.thestranger.com/slog/archives/2013/01/29/obama-should-be-attending-this-funeral">Obama should attend victim&#39;s funeral</a>.<br />* Republican Kirk and Democrat Gillibrand team up for bipartisan&nbsp;<a href="http://www.dailyherald.com/article/20130130/news/701309837/">federal gun-trafficking bill</a>.<br />* Gun owner in <em>The New Republic: </em>&quot;The gun-owning community can demonstrate precisely <a href="http://www.newrepublic.com/article/112194/walter-kirn-gun-owners">the sort of reasonable public-mindedness of which some believe it to be incapable</a>.&quot;</p><p><strong>WE&#39;RE NO. 5!&nbsp;</strong><strong>WE&#39;RE NO. 5!</strong> A new report says Illinois cell phone customers pay the nation&#39;s <a href="http://www.chicagotribune.com/business/breaking/chi-cell-phone-taxes-illinois-ranks-5th-20130130,0,1950894.story">fifth highest rates for extra taxes and fees</a>. Indiana&#39;s No. 22. Which state&#39;s customers face the lowest extra charges? Read the full <a href="http://taxfoundation.org/article/state-and-local-governments-impose-hefty-taxes-cell-phone-consumers">Tax Foundation report</a>.<br />* Illinois also fifth for number of <a href="http://www.chicagotribune.com/business/breaking/chi-illinois-5th-in-wind-power-installations-in-2012-20130130,0,7451827.story">new wind turbine installations</a>.</p><p><strong>TWEET FIGHT.</strong><br />* Matt K. Lewis in <em>The Week: </em>&quot;<a href="http://theweek.com/bullpen/column/239379/why-i-hate-twitter">Twitter sucks you into small, petty battles</a>.&quot;<br />* Rebecca Greenfield in <em>The Atlantic:</em> &quot;<a href="http://www.theatlanticwire.com/technology/2013/01/matt-lewis-twitter/61606/">Matt Lewis is following a spam bot</a>.&quot;<br />* Facebook founder Zuckerberg: <a href="http://www.slate.com/blogs/future_tense/2013/01/30/mark_zuckerberg_facebook_google_aren_t_on_speaking_terms.html">Facebook and Google aren&#39;t on speaking terms</a>.</p><p><strong>ONE GOAL ...&nbsp;</strong>is all it took to <a href="http://www.chicagotribune.com/sports/hockey/blackhawks/ct-spt-0131-blackhawks-wild-chicago--20130131,0,3239568.story">end the Blackhawks&#39; record winning streak</a>.</p><hr /><p><em><strong>ANNOUNCEMENTS.</strong><br />* News quiz tomorrow. How&#39;d you do on <a href="http://www.wbez.org/blogs/charlie-meyerson/2013-01/we-got-yer-friday-news-quiz-right-here-105140">last week&#39;s</a>?<br />* Could <a href="http://www.wbez.org/blogs/chris-bentley/2013-01/stimulus-dollars-insulate-chicago-homes-105178">this</a>&nbsp;be&nbsp;the cure for blogging with cold feet?</em></p></p> Thu, 31 Jan 2013 05:00:00 -0600 http://www.wbez.org/blogs/charlie-meyerson/2013-01/chicagos-gun-paradox-105234 Corporate tax bill rejected in House committee http://www.wbez.org/news/corporate-tax-bill-rejected-house-committee-104738 <p><p>SPRINGFIELD, Ill. &mdash; An Illinois House committee has voted down legislation requiring that some corporations make their income-tax bills public.</p><p>The revenue and finance committee rejected the proposal Sunday, keeping it in committee. Several Republicans called it anti-business and anti-employment.</p><p>The Senate approved the bill in November.</p><p>Senate President John Cullerton and House Majority Leader Barbara Flynn Currie have said most Illinois corporations don&#39;t pay any income tax but state officials don&#39;t know who they are. The Chicago Democrats have said the proposal would help lawmakers decide future tax policy and whether corporate tax breaks are effective.</p><p>Publicly traded corporations would have to post online the amount of corporate income taxes they paid two years prior to publication.</p><p>Business groups say tax bills are confidential.</p></p> Sun, 06 Jan 2013 20:51:00 -0600 http://www.wbez.org/news/corporate-tax-bill-rejected-house-committee-104738 Cullerton tax transparency plan squeaks through Illinois Senate http://www.wbez.org/news/cullerton-tax-transparency-plan-squeaks-through-illinois-senate-104088 <p><p>SPRINGFIELD, Ill. &mdash;Illinois Senate President John Cullerton&#39;s plan to require corporations&#39; income tax bills to be made public has barely won approval.</p><p>The Senate voted 30-27 Wednesday to okay a proposal Cullerton says would help lawmakers plan tax policy.</p><p>Cullerton says it&rsquo;s hard to know how much in taxes companies like Sears or CME Group pay. So the Democrat says the proposal to make publicly traded companies share how much they pay in state taxes will create a more fair corporate tax system.</p><p>He says two-thirds of businesses doing work in Illinois pay no corporate income tax.</p><p>&quot;It&rsquo;s not a gotcha to the business community,&quot; Cullerton said from the floor of the Senate Wednesday. &quot;It&rsquo;s actually that (it) helps us have a better tax structure.&quot;</p><p>Republican State Sen. Chris Lauzen said it&rsquo;s a punishing bill that&rsquo;s anti-business and anti-employment, and it could drive companies away from the state.</p><p>&quot;There are other states that are alternatives for employers to go to,&quot; Lauzen said.</p><p>Cullerton amended the bill to prevent posting of federally prohibited tax information.</p><p>Business leaders say the legislation unfairly targets some businesses.</p><p>The bill moves to the House.</p></p> Wed, 28 Nov 2012 15:49:00 -0600 http://www.wbez.org/news/cullerton-tax-transparency-plan-squeaks-through-illinois-senate-104088