SCHAUMBURG, IL – Small and midsize manufacturers voiced their strong opposition this week to a bill under consideration in Springfield that would impose a 1.12% tax on employee paychecks to fund a state-run program to give employees up to 27 weeks of paid leave (up to 18 weeks of paid family or medical leave per year, plus up to 9 additional weeks for pregnancy).
The Technology & Manufacturing Association surveyed its members and found that an overwhelming 81% oppose SB2413, while just 8% support and 11% were unsure.
“The cost of living for working families and the cost of doing business for family-run small and midsize manufacturers is already unaffordable, and now Springfield wants to impose another jobs tax on the lifeblood of our economy,” said TMA Executive Vice President and Chief of Staff Dennis LaComb.
“The reality is, this tax would mean less money for food, diapers, and necessities workers can provide to their families, and fewer jobs, wage increases, and additional benefits that employers can provide to their team. SB2413 is a direct tax on our workers and a direct tax on job creators, and TMA stands with our members who oppose this legislation for being another burden placed on Illinoisans.”
TMA has encouraged lawmakers to support legislation that gives businesses more control and freedom because time and time again, small and midsize businesses have proven to be more fiscally responsible and effective than Springfield politicians who continue to spend and who will find a way to increase this 1.12% tax in coming years.
About TMA: Founded in 1925, TMA is an independent trade association exclusively funded by industry and solely focused on small and midsize manufacturers. TMA has nearly 900 members representing approximately 39,000 manufacturing employees and more than 27 million square feet of manufacturing plant.
