by Taylor Smith It’s no secret that Illinois’ record income tax hike has failed to revive Illinois’ fiscal health. But it also has dramatically exacerbated the state’s economic outlook on many levels. Since the tax hike, Illinois’ unemployment numbers have worsened. In 2011, Illinois’ unemployment rate increased most in the nation – by far – with 46...
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...