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
Most business is mobile. Most of Illinois is close to another state. Add a progressive state income tax and watch businesses such as Piasa Motor Fuels cross the bridge to Missouri.
The Jeep Cherokee manufacturer plans to lay off nearly 1,400 workers at its Belvidere, Illinois, facility and invest $4.5 billion in a 6,500-job expansion in Michigan.
A vinyl graphics business in southwestern Illinois wasn’t planning to downsize. But the state’s $15 minimum wage hike has forced the owners to cut six jobs.
Estimates from the governor’s office suggest the minimum wage increase will add $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
The owner of a growing book printing company faces a greater threat from out-of-state competitors thanks to lawmakers in his home state. Calls for a $15 minimum wage and progressive tax could hurt his workers and business in southern Illinois.
The Illinois House voted for a statewide $15 minimum wage – adding $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the House, the new administration’s first major victory may come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the Senate floor for a vote, the new administration’s first major victory would come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
Gov. J.B. Pritzker is aiming to pass a minimum wage hike ahead of his budget address.
Illinois’ fastest-growing jobs sector in 2018 was government – another sign the state needs pro-growth reforms to keep up with the rest of the country.