Illinois’ budget impasse is over, but financial challenges remain — even with new tax hike​​

​No. ESPECIALLY with the new tax hike.​

​High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can also slow long-run economic growth by increasing deficits. The long-run effects of tax policies thus depend not only on their incentive effects but also their deficit effects.

​And you did not read this in a daily newspaper or on network TV . . . ​