Progressive Tax Would Further Stifle Illinois’ Economic Growth
Small and Midsize Manufacturers Say Springfield Has Done Enough Damage—a Progressive Tax Would Further Stifle Economic Growth
November 24, 2025
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Small and Midsize Manufacturers Say Springfield Has Done Enough Damage—a Progressive Tax Would Further Stifle Economic Growth
Last week, State Rep. Will Davis (D- Homewood) visited Homewood-Flossmoor High School’s Career Pathways classes with Bill Merchantz, HF’s CNC Manufacturing & Welding Instructor; Courtney Alexander, Department Lead Careers & Technical Education; Carla Erdey, HF’s Director of Communications and Community Engagement.
SPRINGFIELD – The federal One Big Beautiful Bill (OBBB or HR1), which passed in early July, is still being analyzed to determine how the measure’s changes may positively impact manufacturers nationwide.
SCHAUMBURG, IL – Don Tracy, candidate for the United States Senate, visited the Technology & Manufacturing Association’s (TMA) headquarters in Schaumburg, where he met with TMA leadership to discuss headwinds Illinois manufacturers are facing and received a tour of TMA’s training facilities used to educate the next generation of makers and doers.
SCHAUMBURG, IL – At the start of veto session in Springfield on Tuesday, Governor Pritzker announced he wants to make up the state’s projected $267 million deficit by taking away cost-saving benefits provided to manufacturers in the Working Families Tax Cut, or One Big Beautiful Bill Act. The Technology & Manufacturing Association (TMA) and their small and midsize manufacturer members strongly oppose making manufacturers pay the price for Springfield’s overspending.
The Technology & Manufacturing Association (TMA) hosted the first meeting of the Senate-approved Manufacturing Task Force designed to develop a comprehensive set of recommendations for the Illinois legislature to improve and expand small and midsize manufacturing in our state.
What Small Businesses Can Do to Change Public Policy
Illinois currently has a $4 million “death tax,” as many call it. What that means is that when an Illinois resident dies, his or her
Illinoisans across the state are paying more for electricity over the last month due to increased demand and limited supply, and the surge in pricing has left manufacturers concerned about what it means for their businesses’ budgets, according to a survey conducted recently by the Technology & Manufacturing Association (TMA) of its members.
SCHAUMBURG, IL – Small and Midsize manufacturers are crucial to the state of Illinois’ economy, but many owners say they’ve been overlooked when important state policy changes are being considered that directly affect their businesses.