WBGZ Radio 4/14/2021 |
By Cole Lauterbach - Illinois Radio Network
A new report estimates Illinois’ judicial system, often criticized for outsized settlements and what’s known as “rocket dockets” that whisk some cases through faster than others, costs each Illinois resident more than $1,000 per person.
Citizens Against Lawsuit Abuse, a national nonprofit that says “frivolous lawsuits are cutting jobs and clogging the courts,” releases a bi-annual report that estimates the direct and indirect costs of the issue.
In Illinois, the nonprofit estimated that enacting suggested reforms would lead to the creation of more than 140,000 new jobs and $9.6 billion in new wages. In total, they estimate the reforms would save residents and businesses $13.3 billion. Not doing so is where the group got the estimated cost of $1,068 per Illinois resident.
Report: Illinois Lawsuit-Friendly Environment costs $1,000 per Resident
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Report: Illinois lawsuit-friendly environment costs $1,000 per resident
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WBGZ Radio 12/11/2020 |
By Cole Lauterbach - Illinois Radio Network
Illinois manufacturers are concerned that presumptive President-elect Joe Biden will not only hike taxes and create more red tape than President Donald Trump but would take a weaker stance on Chinese companies stealing their products and illegally recreating them.
In a survey conducted last month, 62% of the 162 Illinois-based manufacturers who responded say they’ve got less confidence in their business’ outlook under a Joe Biden presidency.
The survey didn’t elaborate on specifics but the Technology Manufacturer’s Association of Illinois, who conducted the survey, said employers fear Biden’s administration would hike taxes, introduce new regulations, and fail to keep the pressure on China for their theft of intellectual property.