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.
Recent federal jobs data show that white-collar professionals are more numerous and earn more money in Illinois than in Indiana, but that Indiana, a Right-to-Work state, has more and better-paying jobs for blue-collar workers than does Illinois, which has forced unionization.