Lawmakers using the Center for Tax and Budget Accountability to convince constituents how great a progressive tax could be for Illinois are doing a disservice. Here are the straight tax facts.
Illinois has the highest income taxes on the poor of almost any state in the country, but the solution is not simply to raise taxes on the wealthy, as some constantly push for in Illinois.
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...