Why Businesses Are Fleeing Chicago for Texas (It’s Not Just Weather) скачать в хорошем качестве

Why Businesses Are Fleeing Chicago for Texas (It’s Not Just Weather)

There is an "endless appetite" for spending in Springfield, but who is actually paying the bill? Former Deputy Republican Leader Tom Demmer pulls back the curtain on the chaotic, high-stakes game of the Illinois state budget. We Cover: 👉 The "Magic" of Negotiations: How billion-dollar decisions are made behind closed doors in the final hours of the session. 👉 The Structural Deficit: Why Illinois spending consistently grows faster than its economy. 👉 The Business Exodus: The real math companies do when choosing between Illinois and Texas. 👉 The Pension Crisis: Why $11 billion a year is diverted from services to pay for past debts. 👉 Systemic Fraud: How international server farms are exploiting Illinois’ safety net programs. As Governor Pritzker prepares his annual budget address, Illinois faces a potential structural deficit. Despite failed attempts at a progressive income tax, state spending continues to rise, driven by pension liabilities and Medicaid expansion. This episode analyzes the General Revenue Fund (GRF), the Commission on Government Forecasting and Accountability (COGFA) projections, and the economic impact of having the nation's highest corporate tax rates. We discuss the need for a spending cap, the reality of outmigration, and fiscal reforms needed to stabilize the Illinois economy. CHAPTERS 0:00 - The "Endless Appetite" for Spending 0:53 - How the Illinois Budget Actually Works 4:15 - The Big Three: Income, Corporate, and Sales Tax 9:09 - Defining the Structural Deficit 13:41 - The "April Surprise" in Revenue 18:31 - Governor Pritzker’s Role in Negotiations 22:52 - The Ghost of the Progressive Tax 26:38 - Why Businesses Choose Texas Over Illinois 32:39 - The Reform Plan: Spending Caps 38:36 - Pensions: The $11 Billion Weight 44:17 - Fraud, Waste, and "Server Farms" 48:19 - How to Contact Your Legislator Sign up for our Morning Briefing newsletter: https://www.illinoispolicy.org/subscr... Contact your lawmaker: https://www.illinoispolicy.org/maps/ Subscribe to Illinois Policy's YouTube channel:    / @illinoispolicy   Find the full audio show wherever you get your podcasts: Spotify – https://open.spotify.com/show/0zSLlXS... Apple – https://podcasts.apple.com/us/podcast... Follow Illinois Policy on all social platforms: X – https://x.com/illinoispolicy Instagram –   / illinoispolicy   TikTok –   / illinoispolicy   Facebook –   / illinoispolicy   #illinois #politics #news