The newly re-elected House speaker is pushing a new tax on businesses, an increase to the minimum wage and more spending, while doing nothing to address salient problems such as workers’ compensation and pension debt.
The new budget plan coming out of the Illinois Senate does little to nothing to reform the state’s reckless spending and financial mismanagement, but does plenty to hurt state taxpayers.
Though spending on government-worker salaries and pensions has grown at a rapid rate, many service providers and grant recipients are still awaiting payment.
For each percentage point drop in the private sector’s share of the state economy, Illinois household incomes fall by over $3,000 on average. Unfortunately for Illinoisans, the private sector’s share of the Illinois economy has dwindled as government’s share – enabled through tax-funded spending – has risen to 25 percent.
Unlike the people who voluntarily have given tens of thousands of dollars toward Cards Against Humanity's Black Friday hole-digging gag, Illinois taxpayers are forced to pour money into the state's ever-growing budget and pension gaps.