Illinois Needs More Jobs. Not Higher Taxes

Illinois House Republican Leader Jim Durkin and Senate Republican Leader Christine Radogno have introduced a comprehensive legislative package of bills to help jump start Illinois’ economy and create jobs.

“Last week Democrats proposed three different tax increases to generate new revenues for the state. Unfortunately, none of these proposals do anything to help the nearly 570,000 individuals collecting unemployment in Illinois to find the jobs that they want and need. We can’t tax our way into prosperity. To solve our long term financial problems we need to grow our economy,” said Durkin. “House and Senate Republicans crafted this plan after seeking input from business leaders with the goal of encouraging business development and job growth in Illinois at very little cost to the taxpayers.”

The Republican’s Jobs Plan would make Illinois more attractive to potential employers, encourage entrepreneurs and make Illinois’ more competitive with neighboring states.

Highlights include:

  • Establishing primary causation for workers’ compensation. Addressing the causation standard will result in measureable workers’ compensation cost savings, bringing Illinois workers’ compensation costs closer to the cost structure imposed in neighboring states.
  • Making the Research and development tax credit permanent would increase business confidence in the incentive and lead to greater investment in Illinois.
  • Authorizing DCEO to establish 50 new Enterprise Zones. These zones were created to create jobs and stimulate redevelopment of depressed areas throughout Illinois.
  • Reducing the cost of setting up an LLC in Illinois from $750 (currently) to $39. This fee is more in line with the fee charged in neighboring states. Onerous startup cost can make the difference as to whether or not a small business will locate in Illinois.
  • Expanding the reach of science, technology, engineering, and math education opportunities in Illinois by creating STEM academies within the confines of local schools.

According to Durkin, the creation of a Networking for Success program would provide assistance to small and mid-sized employers wanting to grow. “We are suggesting that DCEO partner with non-profit business consultation firms to provide small private sector businesses with access to specialized skills like website design and search engine optimization; social media marketing; and strategic marketing research needed to take their business to the next level and create jobs,” said Durkin.

Durkin concluded, “Illinois’ unemployment rate of 8.7% is tied for second worst in the nation. By reprioritizing our efforts, we can help employers and entrepreneurs to thrive and grow and return Illinois to being a place where companies will want to come and stay. A healthy jobs climate is crucial to Illinois’ financial recovery.”

Read more about the jobs plan here:

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