An amendment to scrap Illinois’ constitutional flat tax protection is gaining sponsors in the Illinois Senate. Lawmakers have refused to discuss rates since those details killed the last progressive tax attempt.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Kane County could see a significant tax hike under the income tax models praised by Illinois Gov. J.B. Pritzker.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Arlington Heights would see a massive tax hike under the income tax models praised by Illinois Gov. J.B. Pritzker.
As Pritzker’s minimum wage bill advances to the Senate floor for a vote, the new administration’s first major victory would come with a $1.1 billion price tag, courtesy of Illinois taxpayers.
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.