By reducing the licensing requirements that make it harder for people to enter many professions, Illinois could give more people access to jobs, bring down the cost of goods and services through increased competition, and attract more workers to the state.
Chicago’s many bureaucratic barriers to starting a business shield established businesses from competition and keep low-income entrepreneurs from getting ahead.
Now that Chicago has lifted its ban on food carts, Chicago’s food entrepreneurs can openly provide food to consumers – and established restaurateurs gain an opportunity to sell their products in new markets.
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.