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.
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.