State Sen. Don Harmon’s progressive tax plan would hurt middle-class Illinoisans

By Benjamin VanMetre
04/01/2014
Lawmakers and special-interest groups across Illinois are trying to dupe Illinoisans into paying higher income taxes. They’re trying to convince Illinoisans that a progressive income tax hike is only a tax hike on the rich. But that couldn’t be further from the truth. Need proof? Look at the most recent progressive tax hike proposal. Under...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Illinois’ recipe for exodus: 7 different tax structures proposed for 2015

By Michael Lucci
03/27/2014
You’re a small business owner planning out your budget for the next five years. You expect explosive growth and a lot of hiring. But your financial future is uncertain, so you factor business risks and uncertainties into your plan. At least you can count on your state government for stability and a clear tax structure...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Rock Island committee backs progressive tax plan that would hike taxes on residents

By Benjamin VanMetre
03/18/2014
The Rock Island County Government Affairs Committee recently passed a resolution urging lawmakers in Springfield to increase taxes on middle-class families. The sales pitch for a progressive income tax in Rock Island – as well as cities and counties across the state – is that it would reduce taxes for middle-class residents. That’s simply not...

TAGS: fair tax, graduated income tax, income tax, progressive income tax

Illinois businesses face another tax hike

By Benjamin VanMetre
03/13/2014
Lawmakers in Indiana are pushing to cut the state’s corporate income tax rate to 4.9 percent in 2019 from 6.5 percent in 2015. If successful, the legislation would give Indiana one of the most competitive corporate income tax rates in the Midwest. Corporations in Illinois currently pay 9.5 percent of their income to the state...

TAGS: fair tax, income tax, progressive income tax

Reasons for taxing the rich: Revenue or punishment?

By Justin Hegy
02/12/2014
Why do some people support taxing higher incomes at higher percentage rates? Some politicians throughout Illinois would like you to believe it’s to generate revenue – but a recent poll suggests something different. According to a new poll conducted in the U.K., members of their center-left Labour Party were overwhelmingly supportive of taxing higher incomes...

TAGS: fair tax, graduated income tax, income tax, one percent, progressive income tax, rich, taxes

Progressive tax hike would hurt middle-class Illinoisans

By Benjamin VanMetre
02/04/2014
Lawmakers and special-interest groups across Illinois are trying to dupe Illinoisans into paying higher income taxes. They’re trying to convince Illinoisans that a progressive income tax hike is only a tax hike on the rich. But that couldn’t be further from the truth. Need proof? Look at both progressive tax proposals on the table in...

TAGS: fair tax, graduated income tax, income tax, progressive income tax