Gov. J.B. Pritzker inherited a $2.8 billion budget deficit the moment he stepped into office. Next year, that deficit is projected to be $3.4 billion1. It’s the same story every budget season. But Illinois’ budget crises could be a thing of the past if the state would adopt pension reform, right-size its union contracts and...View Report
House Bill 4082 would ban Illinois home rule counties from levying taxes on sweetened drinks by volume sold.
Suburbs such as Downers Grove make dining out costlier through tax hikes.
The Cook County sugary drinks tax was set to go into effect July 1, but a circuit court judge has temporarily blocked the implementation of the tax in response to a lawsuit opposing it.
A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97.
The new statewide sugary drink tax, on top of Cook County’s similar tax and Chicago’s highest-in-the-nation sales tax, would make soda prices in the city skyrocket.
Running out of ideas, the Illinois Senate takes aim at poor people to fund record-high state spending.
Chicago and Illinois have plenty of their own problems on the manufacturing front, with issues such as high property taxes and workers’ compensation costs driving production facilities to other states. But U.S. trade policy regarding sugar isn’t helping matters. For each one sugar growing and harvesting job saved through high U.S. sugar tariffs, nearly three confectionery manufacturing jobs are lost, according to the International Trade Administration.
Implementing a taxpayer bill of rights could prevent Cook County Board President Toni Preckwinkle from increasing the county’s already-high tax burden.
State lawmakers propose regressive tax on sugary drinks to help fill budget holes created by decades of irresponsible policies.
A soda tax would fall upon those who can afford it least, and would serve only as another tax hike “solution” for a state that has a spending problem.