The Teachers’ Retirement System pension fund board opposed Illinois Gov. J.B. Pritzker’s plan to repeat past mistakes. Here’s why they are right to oppose it.
Those pushing the bag tax in Illinois may not care much about the body of research on this topic. They’re looking out for a different kind of green. In a scramble for new revenue and an unwillingness to take on any reform on the spending side, the Statehouse has turned to creative ways to nickel-and-dime residents.
Lawmakers in the Illinois House are weighing a bill that would tax streaming and satellite service users “for the privilege to witness, view, or otherwise enjoy the entertainment.”
Illinoisans are among the nation’s most overtaxed residents. A proposed Illinois constitutional amendment would require a two-thirds majority in both chambers before adding to that burden.
By Orphe Divounguy, Bryce Hill, Suman Chattopadhyay
03/27/2019
Illinois Gov. J.B. Pritzker's inconsistent progressive income tax numbers don't add up, which means he will have to pass middle-class tax hikes to raise what he wants to spend.
Voting for an amendment with Pritzker’s rates attached would be another political promise, made to be broken. And voting for an amendment without them? That’s just a blank check.
By Orphe Divounguy, Bryce Hill, Suman Chattopadhyay
03/19/2019
While key details behind Pritzker’s tax plan are still under wraps, new information reveals it relies on outlandish assumptions about Illinois’ economic growth.
Gov. J.B. Pritzker is calling his $3.4 billion tax hike “fair,” but his plan comes with a hefty penalty for some Illinoisans who choose to tie the knot.
Neither taxpayers nor lawmakers should believe Pritzker when he makes claims of tax cuts – specifically that 97 percent of Illinoisans would see one – as part of his effort to scrap Illinois’ constitutionally protected flat income tax.