States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.View Report
History shows lawmakers prefer to avoid tough but necessary choices.
Following their colleagues in the House, 19 members of the Illinois Senate have signed on to a resolution opposing a progressive tax in Illinois.
Illinoisans will have to work for 119 days this year to pay their federal, state and local tax bills.
Taxpayers have won the defensive battle against a progressive tax hike. Now it’s time for some offense.
Fifty lawmakers are taking a pledge to fight a progressive income tax in Illinois, denying progressive tax proponents the support needed to put a constitutional amendment on the ballot.
As examples of the type of progressive tax plan he would like to see in Illinois, J.B. Pritzker pointed to other Midwestern states. But imposing those income tax rates would raise taxes on the median Illinois family.
Protecting taxpayers by ensuring they’re getting a state government they can afford? That’s friendly.
Instead of pushing for further tax hikes on tapped-out taxpayers, lawmakers should rally behind a bipartisan effort to limit state spending.
One progressive tax proposal filed in the Illinois House of Representatives would hike income taxes on Illinoisans earning as little as $17,300 a year.
Though some politicians claim a progressive income tax would only affect the rich, rates established under House Bill 3522 would raise income taxes on middle-class families.