You can almost hear Art Laffer saying “I told you so”

After 67% tax increase, Illinois continues to be in a precarious fiscal position.

Topinka says this is extremely disappointing, since a year ago, the state sharply increased income taxes (by 67 percent) and corporate taxes.

“After the largest tax hike in our history, the state continues to be in this precarious fiscal position with persistent payment delays, and frankly, the situation is unlikely to significantly improve in the near term,” she said.

You can almost hear Art Laffer saying “I told you so.”

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