A $1 cigarette tax hike included in Gov. J.B. Pritzker’s infrastructure plan will make Illinois’ tax on cigarette packs among the highest in the nation.
The Illinois General Assembly sent $85 billion in proposed spending to Gov J.B. Pritzker’s desk in a matter of days. That package included tax hikes on ordinary Illinoisans and pay raises for all state lawmakers.
Illinois Gov. J.B. Pritzker’s amendment would allow Illinois to impose an effective corporate income tax rate of up to 15.28% – the nation’s highest by far.
Chicago’s McCormick Place convention center has been a political money pit for nearly 60 years. And now state lawmakers are considering whether to keep subsidizing failure with more tax dollars.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.