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Illinois Policy Institute: Over 22,000 Illinois Small Businesses Could Face Over 50% Tax Rate Under Proposed 'Millionaires Tax'
April 23, 2026
CHICAGO, Illinois, April 23 -- The Illinois Policy Institute issued the following news release:

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Over 22,000 Illinois small businesses could face over 50% tax rate under proposed 'millionaires tax'

Illinois lost more of its income to outmigration than any other state in 2023

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The Illinois General Assembly could vote as soon as today on a massive tax hike on small businesses, the state's primary job creators.

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