Latest Post | Last 10 Posts | Archives
Previous Post: Your feel-good story of the day
Next Post: Closing it out
Posted in:
* The Illinois Policy Institute, the the lead cheerleader for the two-year impasse, made a startling admission a few days ago…
Illinois’ budget impasse may have also been a drag on employment growth, perhaps even more than the tax increase
Now you tell us? Thanks!
* Here’s the rest of that sentence…
but passing a budget with the largest permanent income tax hike in state history didn’t improve Illinois’ economic climate.
* Jake breaks it down…
IPI claims the 2017 tax change “appears to be hurting the state’s economy” because the average private sector job growth from July 2010 to July 2017 was 1.4%, while that same growth number dropped to 0.97% from July 17-18.
Which is true! pic.twitter.com/Zb87kzeSi8
— Illinois Working Together (@IllinoisWorking) November 5, 2018
Here are the annual job growth rates (July to July) from 2010 to 2018.
For the years in blue, the income tax rate was either 4.95% or 5%.
For the years in red, the rate was 3.75%.
Years with both colors had both rates. pic.twitter.com/sS1RpQcObO
— Illinois Working Together (@IllinoisWorking) November 5, 2018
(Not to mention for some reason they only look at private sector jobs…soooo apparently teachers and firefighters don’t have real jobs?)
— Illinois Working Together (@IllinoisWorking) November 5, 2018
posted by Rich Miller
Monday, Nov 5, 18 @ 1:36 pm
Sorry, comments are closed at this time.
Previous Post: Your feel-good story of the day
Next Post: Closing it out
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
Oh, now you tell us. Head. Desk.
Comment by Amalia Monday, Nov 5, 18 @ 1:39 pm
If it was the impasse, that’s on Rauner. It was purposeful.
“I’m frustrated too but taking steps to reform Illinois is more important than a short term budget stalemate”
That was Rauner’s House Floor Leader.
Maybe the IPI should look back at that too.
Comment by Oswego Willy Monday, Nov 5, 18 @ 1:43 pm
Illinois Policy Institute distorting data? Tell me it isn’t true.
Comment by Da Big Bad Wolf Monday, Nov 5, 18 @ 1:47 pm
LOL, who spiked the punch bowl over there?
A couple of weeks ago they told us there is virtually no wasteful state spending.
Comment by wordslinger Monday, Nov 5, 18 @ 1:52 pm
Who will believe the IPI anymore?
Comment by Anonymous Monday, Nov 5, 18 @ 1:53 pm
“Illinois’ budget impasse may have also been a drag on employment growth”
Ya think?
How many companies laid off staff or were closed because of non payment or excessive late payment of invoices?
If 1.4% had signed 4 budgets and paid the state’s bills, he would have had something to run on. Instead, he has only his failings to brag about.
Comment by Huh? Monday, Nov 5, 18 @ 2:00 pm
@anonymous, unfortunately, literally dozens of elected officials who aren’t interested in facts and reporters who can’t be bothered with them.
Comment by Reality Check Monday, Nov 5, 18 @ 2:00 pm
Bruce Rauner, the man that makes Pat Quinn’s legacy look Edgaresque. Nobody else could have done it. Nobody else had the will to do it. Congrats Bruce.
Comment by Ducky LaMoore Monday, Nov 5, 18 @ 2:11 pm
IPI is a joke
Comment by PP Monday, Nov 5, 18 @ 2:12 pm
Well the important thing is the issuance and placement fees on all those tax free municipal bonds that were issued were paid despite 8 credit downgraded in four year. Credit downgraded due to lack of budget.
Comment by Al Monday, Nov 5, 18 @ 2:21 pm
I question the questionable statement by the IPI. How could our economy grow when everyone was supposed to leave the state? (obviously snark).
Given the avalanche of nonsense peddled by the IPI, do they even know what they are saying anymore?
Comment by JS Mill Monday, Nov 5, 18 @ 2:40 pm
Reality Check-the opponents of those elected officials should make that a campaign issue.
Comment by Anonymous Monday, Nov 5, 18 @ 2:48 pm
Have any of the superstars who left IPI to work for Rauner returned to IPI or is that a new crew over there?
Comment by zatoichi Monday, Nov 5, 18 @ 2:52 pm
===Illinois’ budget impasse may have also been a drag on employment growth, perhaps even more than the tax increase===
Better late than never?
Comment by Boone's is Back Monday, Nov 5, 18 @ 3:20 pm
Thanks IWT. It’s such an obvious data trick, especially if you have even the most rudimentary understanding of the last decade. But it’s also an obvious attempt to cover up their admission that the impasse was a total economic fiasco. Look at the birdie over there…
Comment by Chicago Cynic Monday, Nov 5, 18 @ 3:46 pm
So how did Illinois fare against the national average each of those years?
Comment by City Zen Monday, Nov 5, 18 @ 4:27 pm
“I’ll take ‘How to Lie With Facts’ for $500 please, Alex.”
Comment by Skeptic Monday, Nov 5, 18 @ 4:28 pm
There is nothing that an income tax rate change, or a hollow kumbaya in Springfield, can do to move the needle on job growth.
It’s property taxes, property taxes, property taxes.
The folks that are paying these ridiculous bills will continue to make plans to earn their livelihoods elsewhere. Those that may think about coming …
This isn’t as complicated as Springfield wants us to think and has to be fixed dramatically if this state will ever truly grow again.
Comment by cdog Monday, Nov 5, 18 @ 4:51 pm
==It’s property taxes, property taxes, property taxes.==
Which are only going to be “fixed” by higher income taxes to offset the reduction in property taxes.
Comment by Demoralized Monday, Nov 5, 18 @ 5:23 pm
=it’s property taxes, property taxes, property taxes=
If you think that your property taxes are too high then don’t complain when your police and fire protection and art,music & sports in schools are cut.
Comment by Anonymous Monday, Nov 5, 18 @ 5:39 pm
==Which are only going to be “fixed” by higher income taxes to offset the reduction in property taxes.==
So a $1 for $1 reduction? Why didn’t JB say so to begin with?
Comment by City Zen Monday, Nov 5, 18 @ 5:42 pm
The income tax rate was not 3.75% in 2010.
Comment by JI Monday, Nov 5, 18 @ 9:15 pm
“Not to mention for some reason they only look at private sector jobs…soooo apparently teachers and firefighters don’t have real jobs?)” Not to mention the hundreds of social workers, counselors and therapists that either lost their jobs through program closure due to the budget impasse, or they left IL because they know IL will never properly fund human services.
Comment by Jerry Tuesday, Nov 6, 18 @ 8:52 am