While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
A post-mortem on Illinois’ 2017 regular legislative session shows missed opportunities for taxpayer savings.
Illinois taxpayers deserve to have a voice in budgeting decisions as politicians continually look to hike their taxes.
Illinois needs a taxpayer bill of rights to urge policymakers to budget based on available revenue — or be prepared to subject tax increases to direct voter approval.
Instead of proposing more tax hikes, the Illinois Senate should provide some much needed relief to residents and pass a taxpayer bill of rights.
In 2016, Chicago and Cook County officials approved new tax and fee hikes that will hit already overburdened residents. A taxpayer bill of rights could prevent politicians from constantly nickel-and-diming residents to make up for budget shortfalls.
A referendum allowing Madison County taxpayers to decide if they want to limit their tax burden is a choice all Illinoisans should have.
A taxpayer bill of rights would put checks on politicians eager to hike taxes in one of the nation’s most over-taxed cities.
Weak jobs numbers across the Midwest reflect the possibility of an oncoming economic slowdown. In fact, it would not be surprising to face a recession in the upcoming months, given that U.S. jobs growth has been weakening, and it has been seven years since the previous recession ended – a long period of expansion by historical norms.