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.
Illinois Gov. J.B. Pritzker is arguing that Illinois should adopt income tax rates similar to neighboring Wisconsin and Iowa as a way to be more “competitive,” even though adopting those rates would mean tax hikes for middle-income families.
Illinois Gov. J.B. Pritzker claims his progressive income tax will only affect the rich. But Illinoisans making as little as $26,100 would see an income tax hike under rates Pritzker cited in his budget address.
Illinois Gov. J.B. Pritzker claims his progressive income tax will only affect the rich. But using the rates of states he wants to use as models, middle-income Illinoisans would see significant tax hikes.
Lawmakers in the Illinois House of Representatives failed to override former Gov. Bruce Rauner’s veto of the “Tobacco 21” bill in November. Gov. Pritzker’s administration has signaled support.
While progressive tax proponents champion their “tax on the rich,” middle-income families in Lake County – home to the state’s highest property taxes – could see a big tax hike under income tax models praised by Illinois Gov. J.B. Pritzker.