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Financial Transaction Tax

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PI Original
by Ellyn Fortino
2:51pm
Wed Jul 1, 2015

Illinois Social Service Supporters Rally For A State Budget Settlement (VIDEO)

Illinois social service supporters took to the Thompson Center in Chicago Wednesday morning to rally for a resolution on a state budget with adequate funding for vital programs.

Quick Hit
by Ellyn Fortino
7:11pm
Tue Jun 30, 2015

CTU, Allies Protest Outside Municipal Bond Conference, Call For Progressive Revenue Options (VIDEO) (UPDATED)

While the Bond Buyer's Midwest Municipal Market Conference was being held Tuesday at the InterContinental Chicago hotel on Michigan Avenue, over a dozen Chicago Teachers Union (CTU) members and their allies protested outside the event this morning.

Holding signs reading, "CPS: Broke on Purpose," the education activists were there to highlight controversial financial deals the Chicago Public Schools (CPS) has with banks and to call for fair-share revenue options to help tackle the school district's pressing fiscal issues.

Those at the protest, spearheaded by the Caucus of Rank and File Educators (CORE), marched in a circle chanting, "Fat cats profit and kids come last. Who pays taxes? The working class."

"There's been numerous long-term financial deals, bond deals, swap deals that have put CPS under a heavy burden of debt," explained CTU organizer Martin Ritter. "They've got bad financial advisers. Many of them are at this conference."  

PI Original
by Ellyn Fortino
7:14pm
Mon Jun 29, 2015

'Moral Monday' Activists Protest Rauner's Proposed Budget Cuts (VIDEO)

As the budget stalemate in Springfield continues, several grassroots activists and clergy with Fair Economy Illinois participated in an act of civil disobedience during a downtown Chicago protest for "fair share" state revenue options. Progress Illinois provides highlights from the "Moral Monday" demonstration, during which seven protesters were taken into police custody.

PI Original
by Ellyn Fortino
6:42pm
Mon Jun 29, 2015

As Illinois Government Shutdown Looms, Calls For Progressive Revenues Intensify

As Illinois moves closer to a government shutdown, a coalition comprised of community and labor groups, clergy, service providers, elected officials and others called for progressive revenue options to tackle the state's pressing fiscal issues at a "people's budget" meeting on Monday.

PI Original
by Ellyn Fortino
4:42pm
Mon Jun 15, 2015

'Moral Monday' Activists Arrested While Protesting Rauner's Proposed Budget Cuts (VIDEO)

Several grassroots activists and clergy with Fair Economy Illinois participated in an act of civil disobedience during a downtown Chicago protest against Gov. Bruce Rauner's proposed budget cuts. Progress Illinois provides highlights from the "Moral Monday" demonstration, during which seven protesters were arrested and another 21 received citations.

PI Original
by Ellyn Fortino
2:19pm
Wed Jun 10, 2015

CTU Members, Allies Rally For Fair Contract, Progressive State Revenue Options (VIDEO)

Progress Illinois provides highlights from the Chicago Teachers Union's Tuesday rally for a "fair contract," during which participants also called for "fair-share" revenue solutions to tackle the fiscal issues facing the city and state.

Quick Hit
by Aaron Cynic
6:48pm
Tue Mar 24, 2015

Activists Rally Support For 'A Financial Plan That Puts Chicago’s Communities First'

Community activists say they have an alternative plan for making Chicago fiscally solvent -- and it doesn't rely on cuts that disproportionately affect low- and middle-income people. 

A new report, "Our Kind of Town: A Financial Plan that Puts Chicago's Communities First," targets "predatory financial deals" that cost the city millions of dollars. The paper, crafted by the Refund America Project at the Roosevelt Institute, also suggests a series of progressive taxes could put millions back into the city's coffers.

"What we have is a priorities crisis," said Amisha Patel, executive director of the Grassroots Collaborative at press conference outside the offices of Loop Capital Management. "For decades, budgets in Chicago have been balanced on the backs of working families. In fact, there are a clear set of policy solutions to raise a progressive revenue that our neighborhoods need."

Quick Hit
by Ellyn Fortino
3:24pm
Wed Jan 28, 2015

Deb Mell Takes Heat For Family Ties At 33rd Ward Candidate Forum

Aldermanic candidates running in Chicago's 33rd Ward sounded off on issues ranging from the minimum wage and charter schools to "political dynasties" and "machine politics" at a Tuesday evening forum sponsored by several Northwest Side neighborhood groups.

In Chicago's 33rd Ward, incumbent Ald. Deb Mell is being challenged by Tim Meegan, a public school teacher at Roosevelt High School, and Annisa Wanat, a non-profit consultant and former Peace Corps volunteer. Mell, the daughter of former Ald. Dick Mell (33rd), was appointed by Chicago Mayor Rahm Emanuel to fill her father's council seat after he retired in July 2013.

At the packed candidate forum held at Newton Bateman Elementary School, Mell touted a number of accomplishments in her 18 months as alderman, including efforts around affordable housing, cracking down on "absentee" landlords, making the ward office more accessible and voting to raise the minimum wage to $13 by 2019.

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