I’m Shocked to Find that Record Tax Increases Impact Job Losses

I hope you detected the sarcasm in the headline. The Illinois Policy Institute reports that following the record tax increase in Illinois, Illinois lost more jobs in July than any other state.

There’s a wonderful chart in the article:

You don’t even need to see the spot marked “Tax Hike Enacted” to know that something changed drastically. True, the economy has gotten worse, but taxes matter. That’s true in Springfield as well as Sacramento…but it’s a lesson that politicians keep forgetting.

Hat Tip: Mish’s Blog

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