Income-tax revenue represents just one-sixth of the $6.1 billion the state gives to local governments every year. Proposed reforms would leave untouched the vast majority of that money.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...