Gov. J.B. Pritzker claims his progressive income tax will only affect the rich. But the typical Illinois family would face $3,500 in tax hikes to pay for Pritzker's spending promises.

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...

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...

One-quarter of the revenue generated by Madigan's surcharge comes directly from small businesses.

Myth #1: “The ‘fair tax’ will only affect the rich.”   Don’t be fooled. The ‘fair tax’ is being sold as a tax on the rich. But under the proposal from state Rep Naomi Jakobsson, D-Urbana, the lawmaker who is sponsoring the bill to put a so-called “fair tax,” or progressive tax, amendment on the...

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...

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...

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...