Even subtracting COVID-19 deaths, Illinois still suffered its largest population drop in modern history in the first year of Gov. J.B. Pritzker’s fiscal policies, including 20 new tax and fee hikes, as well as his pandemic response.
By granting broad new taxing authority to Springfield, the progressive income tax amendment makes a retirement income tax much more likely – a fact some supporters have acknowledged publicly.
Illinois residents pay more of their income toward state and local taxes than any other state’s residents. A progressive income tax proposal on the ballot in November would raise the state’s total tax burden by $3.7 billion.