Income and sales taxes account for nearly two-thirds of state revenue.

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.

Illinois needs structural reforms to fix its fiscal problems, not a tax hike by lawmakers on their way out the door.