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.
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.
A progressive tax proposal in the Illinois House would raise taxes on an overwhelming majority of families already struggling with some of the highest tax burdens in the nation.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.