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
With Illinois lawmakers on break, the governor’s team is trying to build support for a graduated state income tax. Unfortunately, they are building on a foundation of false claims
Why should Illinoisans trust an alleged tax cheat to judge the fairness of their tax bill?
Illinoisans needed extra time to pay all their federal, state and local taxes. As long as that took, a progressive state income tax would delay your freedom even more.
Imposing more Mickey Mouse taxes in Illinois is just goofy, but that’s what a proposal in Springfield would do to users of the new Disney Plus and other streaming services.
With Illinoisans increasingly likely to move, Pritzker’s tax plan would send more moving vans toward the state line, and hit the gas.
Senate lawmakers chose to delay voting on an amendment that would allow Illinois’ income tax structure to go from flat to progressive.
Polling of likely voters shows why some Democratic Illinois House members could regret voting for the governor’s graduated income tax.
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.22% – the nation’s highest by far.
Ultimately, the state’s spending and debt habits mean Pritzker’s plan will be a bridge to higher taxes for the middle class. Pritzker and state lawmakers should instead pursue sensible spending reforms that don’t require declaring open season on Illinois taxpayers.
Illinois Gov. J.B. Pritzker is pushing a progressive state income tax without delivering the numbers to prove his promises. The numbers available from other states make it clear a progressive tax will hurt Illinois’ economy.