Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
Gov. J.B. Pritzker promised tax relief for 97 percent of Illinoisans as a selling point for his proposed “fair tax.” But a new ad campaign abandons that claim.
Illinoisans face the highest average combined sales tax in the Midwest. A new bill would show consumers exactly where those dollars are going on every purchase receipt.
A bill that would double the gas tax imposed at the state level would drive up Illinoisans’ overall gas burden to second-highest in the nation – while hiking a truckload of other vehicle costs including higher license plate fees.
Voting for an amendment with Pritzker’s rates attached would be another political promise, made to be broken. And voting for an amendment without them? That’s just a blank check.
While key details behind Pritzker’s tax plan are still under wraps, new information reveals it relies on outlandish assumptions about Illinois’ economic growth.
Gov. J.B. Pritzker is calling his $3.4 billion tax hike “fair,” but his plan comes with a hefty penalty for some Illinoisans who choose to tie the knot.
The governor’s office issued a concerning response to a simple request for the numbers backing up his “fair tax” proposal.
Neither taxpayers nor lawmakers should believe Pritzker when he makes claims of tax cuts – specifically that 97 percent of Illinoisans would see one – as part of his effort to scrap Illinois’ constitutionally protected flat income tax.
Facing down a $3 billion deficit, Illinois Gov. J.B. Pritzker offered an unbalanced budget including more tax hikes, borrowing and spending. He claimed severe cuts were the only alternative, but another option exists.
Illinois’ business tax climate would rank ahead of only California and New Jersey under a progressive tax. Hurt small businesses, and you hurt the jobs market.