Illinois’ total state economic activity has increased by only 4 percent since 2007, which is lower than the U.S.’ 10 percent GDP growth during the worst decade of the Great Depression.
Illinois House Speaker Mike Madigan’s current tax-and-spend policies and protection of special interests stand in contrast to the speaker’s past statements declaring the need for economic growth and opportunity.
Illinois House Speaker Mike Madigan criticizes Gov. Bruce Rauner’s economic reform ideas and offers only growth-killing tax hikes for Illinoisans in need of better jobs and income.
A new study by The Pew Charitable Trusts shows Illinois trails all states but Nevada in personal income growth since the Great Recession, with a growth rate half that of Illinois’ neighbors.
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.