Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
Only one state has switched its income tax structure from flat to progressive in the past 30 years. Its disastrous results may explain why.
The last state to take Pritzker’s path should serve as a bright red flag to Illinoisans weighing whether to back him.
Despite Illinois’ governor’s claims, states with progressive income taxes face greater gaps between rich and poor.
What happens to a family that can’t afford to leave Illinois?
A new report from the Illinois Policy Institute details an insidious poverty trap created by the “welfare cliff.”