According to the recently released IRS data, Illinois has a net loss of 105,000 residents to other states. With this mass exodus of people, our state’s tax base has eroded. In 2020 Illinois set a record net loss of $10.9 billion dollars in taxable income.
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This makes Illinois third in the nation for population and wealth loss, only behind California and New York. All three of these states have the same common denominator: failed Democratic leadership who push anti-business, progressive policies.
It’s time to provide real solutions for Illinois families by lowering taxes and implementing pro-business policies to drive innovation and investment in Illinois.
Click here for more information about the IRS report, including an analysis of what this means for the future of Illinois.