Home / World / Sabotaging Illinois: Legislators' tax-hike budget won't stanch the exodus of jobs and people – Chicago Tribune

Sabotaging Illinois: Legislators' tax-hike budget won't stanch the exodus of jobs and people – Chicago Tribune

Illinois’ downward spiral began several decades ago. Now, it deepens.

You know about the 32 percent personal income tax hike that legislators just imposed.

And you know that even the extra $5 billion snaked out of taxpayers’ pockets won’t stop Illinois’ spiral. Nothing in this budget will stanch the flow of jobs and people to other states. So now what?

Politicians who’ve catastrophically mismanaged Illinois finances will spend the rest of their careers trying to cover their tracks and deny the obvious: They’ve set up Illinois to fail. Raising taxes without major, offsetting reforms piles on years of other decisions that sabotage economic growth. Decisions now driving employers and other citizens to shrewder states.

Source: world

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