Speaking on behalf of thousands of manufacturing companies across the state, the Illinois Manufacturers’ Association expressed strong opposition to the graduated income tax proposals pushed by Democrat Rep. Christian Mitchell and Democrat Leader Lou Lang that will make Illinois’ top tax rate the 2nd highest in the United States.
Friday, May 6, 2016 at 9:30AM
“This is a $2 billion tax hike on successful job creators including many small and medium-sized manufacturing companies that pay taxes under the individual rate. This is exactly the wrong message to send to job creators when we need to grow our economy and create jobs for hard working men and women in Illinois,” said Greg Baise, president & CEO of the Illinois Manufacturers’ Association. “Illinois already has the highest property tax rates in the United States and now Democrats want to make our income taxes among the highest in the nation as well.”