Illinois Tax Hikes Will Hurt Companies

The major tax hikes passed by Illinois lawmakers early Wednesday will hit businesses hard. “We’ll definitely not be hiring, that’s for sure,” said Mike Nobis, president of JK Creative Printers & Mailing, which generates about $4 million in revenue a year. “We just don't have the margins anymore to do anything major.”

Nobis said the tax increase means he won’t be able to invest in his 103-year-old printing business in Quincy, Ill. He’s not sure yet how much more he’ll have to pay, but it will have an impact.

After seeing his sales and profits decline