One progressive tax proposal filed in the Illinois House of Representatives would hike income taxes on Illinoisans earning as little as $17,300 a year.
States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.
Advocates for a progressive income tax claim to offer relief for middle-class families. But that doesn’t jive with real proposals in Springfield or lawmakers’ spending habits.
If Illinois adopted Virginia’s spending habits along with policies that can reduce costs and raise home values, the Prairie State could vastly reduce the property tax burden that Illinois homeowners currently face.
A new resolution would put lawmakers on the record for supporting or opposing a tax structure that would likely lead to massive tax hikes on Illinois' middle class.
Most of the proceeds from the sale of Alton's sewer system and water treatment plant would go toward combined police and fire pension debt of more than $113 million.