Commentary: Illinois politicians finally gave business some breaks in 2025 – Daily Herald*

Matt Paprocki, of the Illinois Policy Institute: “The health of business is key to Illinois’ economic well-being, and our key sector also is our most vulnerable to politicians: small businesses. Nearly 99 percent of net new jobs created in Illinois since the pandemic came from businesses with fewer than 20 employees, amounting to about 172,000 jobs since 2020. These businesses also are delivering faster wage growth.”

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Chicago adopts $16.6B budget, adds $535M in taxes – Illinois Policy

The aldermen’s budget backed away from some of the mayor’s more egregious anti-growth proposals, such as the head tax. But the final package continues Chicago’s over-reliance on short-term fixes and higher tax burdens, making it harder for taxpayers and businesses to grow. Some of the adopted tax increases, such as the higher cloud computing tax, threaten to disincentivize companies from moving to or expanding operations in Chicago.

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