On Friday, December 12, Governor Pritzker signed Senate Bill 1911 into law, locking in higher taxes on Illinois businesses, manufacturers, and job creators. The new law rejects federal tax relief that was put in place to help employers invest, grow, and stay competitive, forcing Illinois companies to pay more just to operate here.
Critics warn the move makes Illinois even less competitive as other states cut taxes and actively recruit new businesses. With one of the highest unemployment rates in the country, this tax hike sends a clear message: Illinois is choosing higher taxes over economic growth.
I am ashamed that the Governor is chasing short-term revenue at the expense of long-term economic stability. This policy will raise costs, push jobs and investment out of Illinois, and make it harder for working families to get ahead at a time when the state should be focused on growth, not punishment.
