Since 2010, Illinois has lost on net 2.6 percent of its taxpayers and dependents, along with billions of dollars of taxable income, dwarfing the rates of out-migration of other Midwestern and neighboring states.
Although Illinois’ top earners make more than most of their regional counterparts, Illinois’ bottom quarter of earners have the lowest wages in the Midwest
Illinois’ manufacturing sector’s recovery from the Great Recession has lagged behind the recoveries of nearby states, demonstrating the need for bold, pro-growth reforms to set Illinois back on the path to success.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.