Contrary to claims from both Republicans and Democrats, and despite raising nearly $1.1 billion in new taxes and fees for operations, the fiscal year 2020 budget is out of balance by between $574 million and $1.3 billion.
An amendment that would allow lawmakers to scrap Illinois’ constitutionally protected flat income tax and replace it with graduated tax rates will appear as a referendum question on voters’ 2020 ballots.
Between the push for a graduated income tax, his budget address and newly released capital plan, Gov. J.B. Pritzker has proposed an onslaught of backdoor tax hikes on all Illinoisans.
Illinois can do it the old way and raise taxes to deliver pork projects. Or Illinois can be smart and make each tax dollar work hard to deliver projects that help residents and the economy.
An advocacy group backing Gov. J.B. Pritzker’s “fair tax” plan has argued a progressive income tax hike won’t affect middle-class Illinoisans. But its most recent report shows a middle-class tax hit is likely.
Illinoisans are among the nation’s most heavily taxed residents. A proposed Illinois constitutional amendment would make it harder for lawmakers to add to that burden.
Illinoisans needed extra time to pay all their federal, state and local taxes. As long as that took, a progressive state income tax would delay your freedom even more.
Illinoisans are among the nation’s most overtaxed residents. A proposed Illinois constitutional amendment would require a two-thirds majority in both chambers before adding to that burden.
Gov. J.B. Pritzker promised tax relief for 97 percent of Illinoisans as a selling point for his proposed “fair tax.” But a new ad campaign abandons that claim.
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.