While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
As examples of the type of progressive tax plan he would like to see in Illinois, J.B. Pritzker pointed to other Midwestern states. But imposing those income tax rates would raise taxes on the median Illinois family.
A new ad campaign by the Badger State digs into millennials’ growing disillusion with the Land of Lincoln.
The announcement comes on the heels of the manufacturing giant’s decision to invest in Wisconsin.
Illinois’ election districts heavily dilute suburban vote.
News outlets have reported that Foxconn will announce plans to build a production plant in Wisconsin that could employ up to 13,000 workers.
Progressive tax proposals by Illinois Democrats would punish those in Illinois’ middle class who earn $50,000 or more and make the state even less competitive with its neighbors.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.
There are 170,000 fewer people working in Illinois since before the Great Recession.
In the last decade, Illinois’ economy and the economies of neighboring states have gone in opposite directions, with more people now working in Wisconsin and Indiana combined.
Illinois lost almost 24 residents per day to Wisconsin from 2006 through 2015.