Illinois is one of just a handful of states that double-taxes people when they die by imposing its own estate tax atop the federal tax. A bill that would repeal Illinois’ estate tax could save family farms.
Illinois families deserve better than to be told the only real solution is in their pocketbooks.
Amazon pulled its HQ2 out of New York City, so Chicago is considering imposing a “robot tax” on companies looking to automate their way around high labor costs.
Middle-income families in Highland Park would see a massive tax hike under the “fair tax” models praised by Illinois Gov. J.B. Pritzker.
Declining home values and a shrinking tax base have created a bigger property tax burden for Harvey, Illinois, homeowners. For their higher taxes, residents get corruption, debt and fewer services.
An amendment to scrap Illinois’ constitutional flat tax protection is gaining sponsors in the Illinois Senate. Lawmakers have refused to discuss rates since those details killed the last progressive tax attempt.
Ahead of Gov. Pritzker’s first budget address, one of the “big three” credit rating services warned the new governor against raising taxes.
Political promises aren’t much protection for middle class pocketbooks.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Kane County could see a significant tax hike under the income tax models praised by Illinois Gov. J.B. Pritzker.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Arlington Heights would see a massive tax hike under the income tax models praised by Illinois Gov. J.B. Pritzker.
As Pritzker’s minimum wage bill advances to the Senate floor for a vote, the new administration’s first major victory would come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
The proposal would lower all local governments’ property tax levies by 10 percent and then freeze them in Illinois. Any future increase would require voter approval.
Former Gov. Bruce Rauner vetoed the bill before leaving office, but bipartisan support in the General Assembly may send it back to the governor’s desk.
Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...