Guest columnist Wade Keats: The cost of doing business in Illinois has reached critical mass

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Guest Wade Keats in dailyherald: Illinois' businesses are struggling because of a legal climate stacked against them.

As co-chairman of Keats Manufacturing in Wheeling, I am proud to continue my family's legacy of providing high-quality custom metal stampings, wire forms and assemblies since 1958. And until recently, along with the rest of my family, I was especially proud to continue our legacy as an Illinois business in Cook County since our founding. Unfortunately, decades of bad state and local policymaking have put our business and thousands of other Illinois businesses at serious risk.

For starters, last year, the state Senate passed SB2408, the most radical climate legislation in the country. An attempt to reduce carbon emissions to zero in just two decades and achieve 100 percent carbon-free energy by 2050, this legislation already has led to families and small businesses picking up a disproportionately high tab for energy costs that are rapidly outpacing already record-high costs across the country.

by signing up you agree to our terms of service Illinois is also one of the worst states for workers' compensation cases. Our backward system prevents employers and employees from working together to resolve disputes, kicking nearly every case to courts instead. As such, both parties are forced to pay court costs and victims receive a smaller portion of whatever damages they may be owed once attorneys' fees and court costs are subtracted.

 

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