Illinois Faces up to $10B in Losses Due to Trump Budget Cuts

Illinois faces up to $10B in losses due to Trump budget cuts

New federal budget cuts could cost Illinois billions of dollars, according to a report from the Illinois Economic Policy Institute.

Trump cuts could shrink Illinois economy by $10B: report – Capitol News IL

“Phasing out clean energy tax credits, pausing Chicago-area transit projects, and freezing funding for energy projects will eliminate construction jobs for blue collar tradespeople that would have been covered by prevailing wage standards and registered apprenticeship requirements, undermining the goal of ‘making America skilled again’ that has been advanced by the Trump administration,” the report said.

Trump cuts could shrink Illinois economy by $10B: report

A report by the Illinois Economic Policy Institute found federal budget cuts could reduce economic activity in Illinois by $10 billion each year by 2029.

Trump cuts could shrink Illinois economy by $10B: report - IPM Newsroom

Illinois Newsroom - The report offers a detailed looked at the effects of cuts enacted by Trump through executive order or legislation, directives by federal agency leaders or through Elon Musk’s so-called “Department of Government Efficiency.” The post Trump cuts could shrink Illinois economy by $10B: report appeared first on IPM Newsroom.