Gov. J.B. Pritzker’s “fair tax” plan falls far short of the revenue needed to pay for his spending promises – feeding fears of future tax hikes on middle-class families.
County leaders may exercise new taxing authority from Gov. J.B. Pritzker’s capital plan. Illinois already doubled its portion of the gas tax, pushing the total burden to No. 3 in nation.
Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.
Data from the American Petroleum Institute confirms doubling Illinois’ motor fuel tax will bring total taxes paid at the pump to third highest in the nation, up from 10th highest a year earlier.
The elections scheduled for November 2020 are already injecting uncertainty into the economy, and the progressive income tax ballot question will make matters worse.
Illinoisans deserve a pothole-free future. But are they getting a bang for their gas tax buck? Or is Pritzker’s $45 billion “Rebuild Illinois” program just another vehicle to deliver special favors? A deep dive into the capital plan points toward the latter, showing at least $1.25 billion in pork-barrel projects.
Illinois House Speaker Mike Madigan faces allegations of recruiting two “sham candidates” to dilute the Hispanic vote in his 2016 Democratic primary race.
Lawmakers sold 20 new taxes and fees as necessary to rebuild crumbling roads and bridges and balance the budget. Instead, taxpayers will be funding dog parks, swimming pools, snowmobile paths, a vacant theater and pickleball courts.
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.