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Ives responds to Wall Street Journal’s editorial on Illinois

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Jeanne Ives (photo by Mark Weyermuller)

WHEATON – GOP gubernatorial primary candidate State Rep. Jeanne Ives responded Wednesday afternoon to the Wall Street Journal's report on Illinois, saying  “In 2014, Governor Rauner ran on a reform agenda that would grow Illinois’ economy. This report dramatically highlights Benedict Rauner’s many betrayals on his fiscal promises.

The Wall Street Journal published an article, Illinois Drives People Away, that said, "Fitch Ratings reported this week that Illinois’s unfunded pension liabilities equaled 22.8% of residents’ personal income last year, compared to a median of 3.1% across all states and 1% in Florida.”

Ives issued the following statement in response:

In 2014, Governor Rauner ran on a reform agenda that would grow Illinois’ economy. The report in Wall Street Journal, one of the most reputable and well-respected newspapers in the nation, dramatically highlights Benedict Rauner’s betrayals on his fiscal promises.

During the 2014 C-Span Gubernatorial Debate against Pat Quinn, Governor Rauner, in his closing statement said, ‘We need to grow our economy, which is the single most important thing we can do. And we are failing miserably under Pat Quinn to grow our economy and create jobs… I’ll drive that. I’ve been a business builder my whole career.’

But, the WSJ reported, ‘The Prairie State lost a record $4.75 billion in adjusted gross income to other states in the 2015 tax year, according to recently IRS data released. That’s up from $3.4 billion in the prior year. Many of the migrants were retirees who often flock to balmier climes. But millennials accounted for more than a third of the net outflow in tax returns.’

While Florida with zero income tax was the top destination for Illinois expatriates, the Illinois Policy Institute notes that Illinois lost income and people on net to all of its neighbors—Wisconsin (6,000 people based on claimed exemptions), Indiana (8,200), Iowa (1,900), Missouri (2,000) and Kentucky (1,100).’

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7 COMMENTS

  1. Many were immigrants returning to other countries after retiring to countries like like Mexico, Philippines and Venezuela, Colombia. and Turkey. Some even went to Ireland to retire. We have a large number of Asians who often leave and go back to China or India. But many citizens due go to warmer climes outside Illinois. But we have the fresh water. Now, if we only had the Illiana X-Way and a third airport, we’d have a great infrastructure too. And get rid of the crooked democrats and all the graft, corruption and the misuse of pubic schools, public hospitals, public transportation. Privatize everything. Then the taxpayers would have no responsibility for pensions and benefits.

  2. Private and public unions have become labor cartels ripping off consumers and taxpayers by collusion with management to keep labor peace and wages high, .. so high that the companies have no money for capital investment.

  3. But Rauner still loves illegal aliens. And they still keep on coming. Gave Medicaid to some 40,000+ illegals and signed law to give them drivers licenses.
    Rep Ives you take on the public pensions issues again-that is a dead horse and everyone knows what caused the problem in the first place and it was not the employees fault. So get off of it.
    NOW, where do you stand on the illegal aliens mess in this state. Would you repeal the Medicaid legislation? Would you work very proactively with the Trump administration to identify and deport illegals?

  4. The governor in his private life made millions of dollars in financial transactions, basically shaking the inefficient trees of private enterprise and the real productive activity of these entities. In this he was no different than others who turned the country from the production of real assets with the multiplier effect that delivered prosperity to the quick turnover of financial assets.
    He never learned withe how to govern — economically or politically. Coupled with the efforts such as the that of Chicago’s mayor, corporations were induced to move management headquarters. The whole Illinois economy attracted very few production facilities which their much larger economic multiplier. Few if any corporations moved these to Illinois.