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ILLINOIS JOB CREATORS HEAD FOR THE EXITS: High Tax Rates Crushing Employment and Investment

Guest post by Scott Reeder

SPRINGFIELD, Ill. – One of my favorite books is John Steinbeck’s “The Grapes of Wrath.”

In that epic tome, farmers from across Oklahoma load up all of their earthy goods on to Model T’s and flee the Dust Bowl for California in the midst of the Great Depression.

PACK IT UP: Illinois is among the biggest losers in out-migration due to its higher tax rates.

PACK IT UP: Illinois is among the biggest losers in out-migration due to its higher tax rates. A U-Haul rental from Chicago to Dallas costs $ 1,130, while the reverse trip costs $ 468.

It’s easy to see that great exodus along Route 66 as the face of migration from one state to another.

And to be sure that is one face of relocation.

Poor folks still load up dilapidated cars with what they own and seek out opportunity.

I saw it all the time when I was reporter in Las Vegas, families showing up with not much but their dreams and hopes of landing a well-paying job.

But that isn’t the only face of migration.

When corporate executives or well-heeled retirees move, it is done with professional movers.

You can often discern who the wealthiest of these households are by the amount of furniture and other belongings they have shipped.

The Wall Street Journal recently looked at data from Allied Van Lines concerning where wealthy households were moving to and from.

The report found that Illinois and Pennsylvania have more wealthy households leaving than arriving, and California leads the nation for the net number of wealthy households migrating away.

The states gaining the most? Florida and Texas.

So what do East Coast, Midwest and West Coast states like Pennsylvania, Illinois and California have in common?

All three are high-tax states, said Joseph Henchman, a vice president at the Tax Foundation. On the other hand, Florida and Texas are much lower tax states.

“Illinois is particularly vulnerable to more out-migration because its neighbors — Wisconsin and Indiana — are busy lowering their taxes,” Henchman added.

On the other hand, the Illinois Legislature jacked up our income taxes by 67 percent back in 2011.

This has hurt folks from all economic groups, and for folks who make their living making business decisions it has created one more incentive to leave Illinois.

While it’s easy to shrug off the rich guy across town leaving, there is good reason for all of us to be concerned.

Have you ever worked for a business person poorer than yourself? Me neither.

Even those working in the public sector need to remember where taxes come from to pay for their jobs.

And yet, Illinois is consistently pursuing policies that are pushing these job creators to more hospitable business climates.

Where those jobs go, poor and middle-class Illinoisans are sure to follow as well.

This migration translates into real money, according to Travis Brown, author of the book “How Money Walks,” a project that measures where people are moving based on tax returns.

“Illinois as a state lost $ 29.27 billion over the 18 years from 1992 to 2010,” Brown said.

During that period, only California and New York lost more income than Illinois, his study found.

“That’s a loss of $ 185,000 per hour. We forecast that between 2010 and 2014 Illinois lost somewhere between $ 5.4 and $ 7 billion in adjusted gross income due to migration,” Brown said.

Illinois is in that minority of states that continues to levy an estate tax.

Increasingly, estate planners are advising retired, successful Illinoisans to consider moving to a state without an estate tax so assets can be passed more easily from one generation to the next.

That hurts all of us.

When successful retirees leave, they are no longer spending money in the Land of Lincoln, paying taxes here or donating to Illinois charities.

That equates to fewer jobs for the rest of us and ultimately it’s why all of us should be concerned.

 
Scott Reeder is a veteran statehouse reporter and the journalist in residence at the Illinois Policy Institute. He can be reached at sreeder@illinoispolicy.org. Readers can subscribe to his free political newsletter by going toILNEWS.ORG or follow his work on Twitter @scottreeder.

Doug Ross @ Journal

National Weather Service: High Accumulations of Global Warming in Southeast to “Make Travel Impossible”

Did Al Gore move to Atlanta recently?

National Weather Service meteorologist Michael Musher said ice accumulation forecasts “remain mind-boggling if not historical” in cities such as Atlanta, Athens and Augusta in Georgia, Columbia, S.C., and Raleigh, N.C.

High ice accumulations will make travel impossible,” the National Weather Service reported in an advisory Tuesday. “This has the potential to be a catastrophic event. Widespread power outages are possible as ice accumulates on trees and power lines and brings them down.”

…The storm is forecast to move up the East Coast later Wednesday and into Thursday, potentially dropping as much as a foot of snow all the way from Virginia to New England, meteorologist Musher said.

More than 1,150 flights had been canceled nationwide Tuesday as of 12:05 p.m. ET, according to flight-tracking service FlightAware.com. Almost 1,000 more had already been canceled for Wednesday.

As Climatologist and former NASA scientist Roy W. Spencer observes, “the climate models that governments base policy decisions on have failed miserably.”

In other words, those global warming fables you read and see in legacy media are bunk, plain and simple.

Doug Ross @ Journal

I’m stunned by the tragic death of Phil Hoffman. We went to high school together, but few of us had any idea he would become such a star.

Philip Seymour Hoffman as Willy Loman in "Arthur Miller's Death of a Salesman."  (Photo credit: New York Times)

Philip Seymour Hoffman as Willy Loman in “Arthur Miller’s Death of a Salesman.” (Photo credit: New York Times)

Lynn and I just heard the news of the death of Philip Seymour Hoffman, apparently of a heroin overdose. We feel so sick and so sad. Grieving for him. Grieving for his family. And his friends. We are praying for each of them to find Christ’s comfort at this hour. Praying they experience what the Apostle Paul calls “the peace that passes all comprehension” in Philippians chapter four. When we were growing up in the same town in Upstate New York (Fairport), we all knew him simply as “Phil.” We were in the same graduating class of about 575. I remember seeing him in the Fairport High School senior year drama in “Death of a Salesman.” He played the lead, Willy Loman, and he was phenomenal. It was stunning how good. Phil had always been a class clown. I had no idea until then he could act at all much less so well. We all knew at that point that he could be a breakout, but did any of us in the Class of ’85 really know how huge a star he’d become? Indeed, after graduating from New York University, he became one of the most impressive and celebrated actors of our generation. Oscar award winner. Tony award winner. You name it, he won it. A few years ago I took Lynn to see Phil play Willy Loman in “Death of a Salesman” – but this time on Broadway. He’d been amazing in high school, but he was, of course, even far more effective after years of training and experience — which made a sad and tragic play 1000 times sadder. I remember seeing him first in Scent of a Woman. Twister was fantastic. Hunger Games, too, and so many other of his films and TV shows. My favorite has to be Mission Impossible when Tom Cruise disguises himself as Phil Hoffman! I sat in the theater blown away. Suddenly, Cruise (the biggest box office star of our time) was gone. It was just Phil vs. Phil on the silver screen. Though we grew up in the same town and went to the same schools, I never knew him really. But I’ve prayed for him often, and for all the Raiders of ’85. I am heartbroken he struggled so much to find hope in this world and that he is gone so soon, and so tragically. Good bye, Phil. You will be deeply missed.


Joel C. Rosenberg’s Blog