Illinois would have lost an additional 10,577 seniors from 2012 to 2018 if outmigration were as severe as in Connecticut, the last state to enact a progressive income tax.
Taxing retirement income is not a new idea to Illinois politicians, but denying they want to tax seniors is new since that part of the “fair tax” plan slipped out.
Other states warned residents about small spaces inside haunted houses creating a risk for spreading COVID-19, but Illinois is all alone in outlawing them.
Illinois’ tax code already protects the poor and middle class from paying as high a rate as billionaires, meaning the ‘fair tax’ is really about lawmaker taxing power.
Government unions and their PACs have spent more than $1 million pushing the progressive tax on the Nov. 3 ballot – and are using misleading information.
While acknowledging the harm it would do to the state economy and working Illinoisans, Lt. Gov. Juliana Stratton claimed lawmakers would be ‘forced’ to look at hiking everyone’s taxes due to the budget crisis.
Progressive income tax proponents put factually inaccurate and misleading claims into a constitutionally required pamphlet intended to inform voters about a proposed amendment.
Politicians pledged to rebuild decaying roads and bridges if taxpayers paid just a little bit more, but too often the funds were misused and the promises meant little.
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.