Manufacturers Vote With Their Feet
Manufacturers in Illinois have had it with tax hikes after tax hikes coupled with the most costly workers’ compensation setup in the nation. And businesses are voting with their feet. In July, five firms left Illinois for good.
The Illinois legislature is to blame. Pro-union Democrats have been in control of Illinois for decades. Mike Madigan has been House Speaker every year but two since 1983.
Chicago Magazine labeled Madigan “Velvet Hammer” and the Real Governor of Illinois.
Today, Hoist Lifttruck threw in the towel on Illinois. Interestingly, the company is located right across the street from Madigan’s district.
Six Firms Leave Illinois Since Mid-July
The Illinois Policy Institute reports Manufacturer Moves Out of Madigan’s Backyard, Cites Unfriendly Business Climate.
This post was published at Global Economic Analysis on August 13, 2015.
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