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SPRINGFIELD, IL -
Illinois has passed a budget which includes tax hikes on job creators and yet, it is not balanced. Illinois has passed so-called education reforms that do not include property tax reform, comprehensive mandate relief or any effort to address the ever-increasing pension debt our state faces. But, when it comes to pro-growth plans to secure the economic future of our state's middle class, Springfield has failed. Today, August 30, 2017, marks exactly one year since Greg Baise, president and CEO of the Illinois Manufacturers' Association addressed the City Club of Chicago and made a passionate call to Illinois lawmakers. In that address, he warned that Illinois government is closing business one day at a time. Baise spoke to the hemorrhaging of manufacturing jobs in Illinois - more than 300,000 jobs lost since 2000.
Baise's message one year ago was clear: the revitalization of our middle class and manufacturing job economy directly correlates to public policy that encourages pro-growth policies, a stable economy and creating a more friendly business climate. Yet, lawmakers failed to heed this warning or enact reforms. Despite repeated calls for compromise, Illinois lawmakers passed a massive $5 billion tax hike that failed to include any meaningful reforms that could revitalize the economy and send a strong signal that Illinois is a good place to do business. Every major business group labeled the 2017 legislative session as one of the worst for employers.
It comes as no surprise that the failure of the legislature to act has resulted in Illinois continuing to lag behind neighboring states. From August 2016 to July 2017, Illinois has only added 600 manufacturing jobs while neighboring states have added: 9,900 in Wisconsin, 5,600 in Michigan, 6,000 in Indiana, 5,800 in Missouri and 1,800 in Iowa.
"Illinois lawmakers failed job creators again while continuing to protect wealthy trial lawyers and labor union bosses. Since last year, the General Assembly imposed a massive $5 billion tax hike while threatening a whopping 82 percent spike in the minimum wage and a new paid leave mandate on every Illinois business. We trail nearly every state in key indicators such as unemployment rate, GDP growth, and manufacturing job loss not to mention leading the country in the outmigration of residents who are fleeing our state," said Baise. "At what point will legislators wake up to the reality that is looking them in the mirror? Lawmakers need to stop passing job crushing taxes and regulations to stop the bleeding and start restoring stability and predictability. Economic reforms must be a number one priority during veto session or we will continue to see manufacturing job numbers that pale in comparison to our neighbors and a middle class population that continues to struggle without well-paying manufacturing jobs."
The IMA will continue to champion the immediate and long-term solutions put forward in the Middle Class Manufacturing Agenda which includes meaningful and permanent workers compensation reform, tax code reform, fiscal reform, property tax reform, and a strengthened education and workforce development system.
The IMA urges lawmakers to prioritize a manufacturing rebirth in Illinois in order to revitalize the middle-class and help jumpstart the state's economy.
About the Illinois Manufacturer's Association
The Illinois Manufacturers' Association is the only statewide association dedicated exclusively to advocating, promoting and strengthening the manufacturing sector in Illinois. The IMA is the oldest and largest state manufacturing trade association in the United States, representing nearly 4,000 companies and facilities.
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