In the game of state competitiveness, Illinois lags the nation. Poor policy decisions continue to sap economic activity and ruin opportunities for businesses operating in Illinois.
State Rep. Naomi Jakobsson, D-Urbana, recently proposed to implement another income tax hike in Illinois is gaining interest across the state. A progressive income tax increases taxes on individuals more as they make more money.
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.