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.
In a bipartisan effort to cut McHenry County’s local tax burden, the McHenry County Board voted overwhelmingly in favor of a pledge to cut the county tax levy by 10 percent. The board chairman has intimated he will pursue further local government consolidation efforts.
Newly released census data show more than 9,100 DuPage County residents moved to other U.S. locales last year, causing the county’s population to shrink.
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.