Illinois loses 16,700 jobs in face of new tax hike proposals

By Michael Lucci
01/20/2017
New Illinois jobs data reveal a state with thousands of job losses, unemployment rising to 5.7 percent, a collapsing manufacturing sector, and several downstate communities sliding back into recession — all of which make the Illinois Senate’s new tax hike proposal especially harmful.

TAGS: BLS: Bureau of Labor Statistics, IDES: Illinois Department of Employment Security, jobs, manufacturing, unemployment

Illinois Senate proposes income tax hike in the face of record out-migration and wealth flight

By Michael Lucci
01/20/2017
The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.

TAGS: budget, Christine Radogno, income tax, John Cullerton, outmigration, taxes