The status quo isn’t working for Illinois; the state needs serious reforms to get its spending under control, pay down its debt, and rein in the taxes that are driving its people across state lines.
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.
Recent data from the Illinois Department of Human Services show nearly 2 million Illinois residents need government assistance to put food on the table this holiday season, as the state continues to hemorrhage manufacturing jobs and other blue-collar opportunities. Each year’s end is a time for reflection.
The expiration of the state’s EDGE program – which has given large companies more than $1 billion in tax credits the last 15 years – is good news for taxpayers and should encourage lawmakers to pass real reforms.
The Illinois Department of Employment Security’s newly released jobs report shows Illinois’ 1,700 jobs gained in November were concentrated in white-collar service sectors, and that blue-collar fields, such as manufacturing, lost jobs.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.