Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
Only one state has switched its income tax structure from flat to progressive in the past 30 years. Its disastrous results may explain why.
The governor’s progressive income tax hike will not deliver on promised revenue and will drag down Illinois’ struggling economy.
The last state to take Pritzker’s path should serve as a bright red flag to Illinoisans weighing whether to back him.