Over the last six years, Illinois has become an out-migration state, meaning we have suffered the net effect of more people moving out of Illinois than moving in. Any business knows that in order to improve, you must focus on growth. In spite of our great natural and manmade resources, our geographical center, and our people, Illinois has failed to make the case for business investment, costing our citizens more than 700,000 jobs and more than $3 billion in revenue to the state each year.
Because we are a risky, high cost-of-doing business state that has let our assets deteriorate. Risky because of the plaguing corruption that businesses fear will extort them. We must end “play to play” and provide our citizens with absolute transparency.
High cost because we tax, fee, and regulate business at levels that carry a higher cost than our surrounding states. Our taxes and fees speak for themselves. But the cost of workers’ compensation, shifting health care, and bureaucratic delays are counterproductive and additional disincentives for employers in Illinois.
Deteriorating, yes. Our roads, bridges, and water right-of-ways are a great resource, but our failure to maintain them makes it expensive to transport goods and services. Unfortunately, the newly passed capital plan again focused on tax and fee increases that make our state even more expensive and less appealing to business and individuals.
To solve our economic climate, we must resolve ourselves to making Illinois a low cost-of-doing-business state, reducing taxes, fees, and bureaucratic delays so employers can create more good jobs for Illinois workers and a higher quality of life for their families. Our budget must be balanced, but not with the policies of pushing more jobs to neighboring states. Our short-term solutions include temporary reduction in spending, backed with reforms that eliminate our expensive tax fees and bureaucratic delays.
We must build a new Illinois and we would be better off starting today.
State Senator, 44th District