Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Gov. J.B. Pritzker has pointed admiringly to other Midwestern states’ progressive income tax structures, but taxes on the median Illinois family would go up under all of them.
Without right-to-work protections currently offered in 27 states, you pay the union or lose your job. It’s very simple.
As Illinois struggles to address its people problem, population loss has plagued communities across the Land of Lincoln. But the shrinkage in some areas has been more severe than others.
As examples of the type of progressive tax plan he would like to see in Illinois, J.B. Pritzker pointed to other Midwestern states. But imposing those income tax rates would raise taxes on the median Illinois family.
Progressive tax proposals by Illinois Democrats would punish those in Illinois’ middle class who earn $50,000 or more and make the state even less competitive with its neighbors.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
St. Clair and Madison counties saw combined population losses of more than 1,600 people due to out-migration to other states.
Missouri has become the 28th state to enact Right to Work, causing Illinois’ regional competitiveness to decline further.
Fourteen Illinois counties face higher sales taxes if referendums pass at the ballot box this fall. The tax is called the Illinois County School Facility Occupation Tax, or County School Facility Tax (CSFT) for short. The law authorizing the tax, which passed in 2007, allows school boards representing 51 percent of a county’s student population...