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
An amendment has been filed in the Illinois House of Representatives that would remove language making local government officials criminals simply for enacting Right-to-Work laws. But significant problems remain.
While Chicago-area taxpayers struggle under a heavy tax burden, lawmakers – who continue to ignore reforms the state desperately needs – are now on a two-week vacation.
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.
Proposed legislation to commemorate former President Barack Obama’s birthday as a state holiday in Illinois would have cost taxpayers nearly $20 million in state personnel expenses and lost productivity.