Guest Nicole Wolter in dailyherald: Illinois' stifling regulatory environment is hurting our economy, sending businesses elsewhere.
Chicago Mayor-elect Johnson, who is set to soon take office, is calling for $800 million in additional taxes. Gov. Pritzker recently championed the adoption of new employer mandates. And now, truckers are concerned about Illinois following in the footsteps of California; the state recently banned certain diesel trucks from the road if they were made before 2010.
According to a recently released report from the American Legislative Exchange Council , Illinois has the 5th weakest economic outlook in the country and is among the bottom 10 for economic performance. Why? Because of high tax liabilities, an overwhelming regulatory climate and the size of state government.
To be more competitive, Illinois leaders -- ranging from Chicago Mayor-elect Johnson to Gov. Pritzker -- need to reset the policy agenda. It's clear the status quo isn't working. And as some economists suggest, thinning regulations is a good place to start.
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