Cartoon by Eric Allie, Illinois Policy Institute (IPI).
IPI notes that
Illinoisans face one of the highest state and local tax burdens in the nation. The state’s corporate income tax is third-highest, and its tax code is among the Midwest’s least friendly for businesses.
Pritzker has presided over 57 tax and fee hikes, which have cost Illinoisans $77 billion.
Illinois has one of the most burdensome regulatory environments in the country. The state has added thousands of regulations since Pritzker took office, while other states like Idaho have dramatically reduced theirs. These regulations make it more difficult for people and businesses to grow and create jobs.
Illinois has many advantages, such as its diverse economy, central location and strong infrastructure. To take advantage of that, the state must strengthen its fiscal position, remove regulatory burdens and provide real tax relief — both to workers who are finding it difficult to remain in the state and to job creators who are desperately trying to stay.
