Effective property tax reform must rein in the government costs that drive up taxes.

The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.

Residents of Chicago’s collar counties pay the highest property taxes in the state – and some of the highest in the country.

High-income earners provide the majority of Illinois’ income tax revenue, and IRS data show that Illinois is losing these taxpayers to out-migration.