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
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.22% – the nation’s highest by far.
Small businesses are the engine of Illinois’ economy. But those responsible for creating nearly two-thirds of Illinois’ jobs in 2017 would get hit under the progressive income tax plan just released by Gov. J.B. Pritzker.
Pritzker's proposed progressive income tax rates harm Illinois' economy, while hardly fulfilling his promises.
A history of tax hikes to prop up unsustainable spending makes Illinois a frosty climate for small businesses.
A recent survey found Illinois to be the least accommodating state in the nation for small businesses.
State agencies can no longer pile rules and regulations onto Illinois businesses without first taking into account their economic effects.
The measure would relax statewide restrictions on liquor licensure and encourage local control.
A bill in the Illinois House of Representatives would allow the Illinois Department of Labor to place a lien on a business owner's property should he or she fail to respond to an allegation of unpaid wages within five days.
State Rep. Emanuel "Chris" Welch has proposed a measure that would increase by 400 percent the personal property replacement tax imposed on partnerships, LLCs and other types of businesses.
The state has chosen to coddle some big businesses while punishing the small.