House Bill 4237 seeks to get around Congress’ limitation of a federal deduction that benefits high-tax states, but residents would be better served by efforts to directly reduce state and local taxes in Illinois.

According to one estimate, Chicago Alderman Ed Burke is trying to cut the property tax bill for Trump Tower by more than $3 million.

The choice is clear: Fix Illinois, or watch its downfall accelerate.

One change in federal tax code – and Illinois lawmakers’ response to it – could decide the economic trajectory of the state.

Local lawmakers should consider Trump’s plan and position the state to thrive under federal changes.

The corporate tax reforms under President Donald Trump’s proposed tax plan could strengthen Illinois’ position as a home for businesses, but the state’s uncompetitive income, property and death tax policies would put its residents at an even greater disadvantage with respect to other states if the president’s plan passes.