Gov. J.B. Pritzker added $650 million in taxes and fee hikes for small businesses in his last budget. Voters will decide Nov. 8 if Illinois’ business climate will get tougher, yet, through Amendment 1.
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.