IllinoisPolicy.com reports the progressive income tax would essentially wipe out all 2019 employment gains in Illinois, and then some.
While Gov. J.B. Pritzker lauded his first year as a success for the state’s labor market, his priority “fair tax” proposal would more than erase his year of jobs gains and set back the state’s economy.
Illinois gained 45,000 jobs in 2019, a sluggish rate compared with the national average. If voters on Nov. 3 pass Pritzker’s signature policy proposal, a progressive state income tax he dubbed the “fair tax,” last year’s jobs gains would be more than wiped out. Illinois would lose 56,366, according to an analysis by the Illinois Policy Institute.
The lost jobs from the progressive income tax would be more than all of the job gains posted in 2019.
