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Editorial: Americans are buying milk with borrowed money. No time for local grocery taxes.

Summary by Chicago Tribune
A growing number of Americans are using “buy now, pay later” loans to pay for groceries. They’re borrowing money to buy milk. ​​Of BNPL users, 25% say they’ve used the loans for groceries, up from 14% a year ago, according to a LendingTree survey. More stores and services are offering the option to cover purchases via BNPL, including Walmart and Instacart. Also, companies such as Sezzle offer an app that provides funds to shop for groceries. BNP…

8 Articles

Alarms went on in Peoria County after Illinois eliminated the state food tax. This bill, promoted by Governor J.B. Pritzker and approved by the General Assembly, abolished the 1% state tax that for years economically helped municipalities. Now, some cities in Illinois are going to be forced to consider introducing new taxes to fill the tax gap. According to projections, the city could lose around $5 million a year when the state tax loses on Jan…

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BizToc broke the news in on Sunday, May 4, 2025.
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