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.
Only one state has switched its income tax structure from flat to progressive in the past 30 years. Its disastrous results may explain why.
The new governor has thus far refused to address the root causes of Illinois’ dismal finances.
A bill in the Illinois House would empower voters to reform the funding priorities of their local school districts.
Gov. J.B. Pritzker’s proposed progressive income tax won’t raise the revenue he claims, and will lead to future tax hikes on the middle class.
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.
The governor’s progressive income tax hike will not deliver on promised revenue and will drag down Illinois’ struggling economy.