Taxes are a major factor in determining where businesses grow and where people live.
The Legislature’s decision to jack up income taxes by 67 percent in 2011 made Illinois a far less attractive state for many corporations and individuals.
This could explain why jobs and people are leaving the Land of Lincoln.
But that doesn’t mean we are without hope.
The tax hike is slated to expire next year.
That in itself will have a positive effect on the state’s economy. Unfortunately there are some who would like to see this tax hike extended. Or they would like to see our current flat tax rate replaced by a graduated income tax.
Either move would further accelerate Illinois’ decline.
We love this state and want to see it prosper.
Policies that encourage job creation and reward individual achievement, will help keep more people from packing up and leaving this place we love.
Scott Reeder is a veteran statehouse reporter and the journalist in residence at the Illinois Policy Institute. He can be reached at email@example.com.