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 is pushing a progressive state income tax without delivering the numbers to prove his promises. The numbers available from other states make it clear a progressive tax will hurt Illinois’ economy.
The last state to take Pritzker’s path should serve as a bright red flag to Illinoisans weighing whether to back him.
The Jeep Cherokee manufacturer plans to lay off nearly 1,400 workers at its Belvidere, Illinois, facility and invest $4.5 billion in a 6,500-job expansion in Michigan.
A vinyl graphics business in southwestern Illinois wasn’t planning to downsize. But the state’s $15 minimum wage hike has forced the owners to cut six jobs.
Estimates from the governor’s office suggest the minimum wage increase will add $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
The owner of a growing book printing company faces a greater threat from out-of-state competitors thanks to lawmakers in his home state. Calls for a $15 minimum wage and progressive tax could hurt his workers and business in southern Illinois.
The Illinois House voted for a statewide $15 minimum wage – adding $1.1 billion to the state payroll, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the House, the new administration’s first major victory may come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
As Pritzker’s minimum wage bill advances to the Senate floor for a vote, the new administration’s first major victory would come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
Gov. J.B. Pritzker is aiming to pass a minimum wage hike ahead of his budget address.