While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Reducing barriers to entry for small businesses is a crucial step toward spurring economic growth in Illinois.
Illinois currently has the highest start-up fees in the country, further burdening the already-unfriendly business climate in the state.
Uniquely burdensome taxes and fees make Illinois unfriendly to entrepreneurs, and drive businesses and families out of state.
State lawmakers from both parties are advancing legislation to repeal three of Illinois’ most costly and misguided policies.
Small businesses and innovators are the lifeblood of any economy, and Illinois needs reform to encourage them to locate in Illinois. Small businesses are responsible for two-thirds of all new jobs created in the last 20 years. The disincentives for entrepreneurs to locate in Illinois are systemic, and thus require systemic solutions. An agenda for...
The structure of a limited liability company, or LLC, offers great advantages for small businesses, such as allowing start-ups and small businesses to avoid the extra tax burdens of corporations. At the same time, the LLC structure protects the owners from the excessive liability of sole proprietorships and partnerships. In Illinois, the LLC is burdened...