New PMCR / ILEPI Report: Federal Cuts Pose Major Threat to Illinois Jobs and Economy

“By the end of President Trump’s term, the wave of project cancellations, funding recissions, mass federal firings, and cuts to public health, nutrition, infrastructure, education, and other programs enacted by the administration in 2025 will amount to nearly $8 billion annually in lost revenue and increased out-of-pocket expenses, shrink the economy by $10 billion per year, and cost the state 86,000 jobs—according to a new analysis by the nonpartisan Illinois Economic Policy Institute (ILEPI) and the Project for Middle Class Renewal (PMCR) at the University of Illinois at Urbana-Champaign.”

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