Voters in DuPage County Nov. 6 will give their opinions on a vehicle miles tax, a policy gubernatorial candidate J.B. Pritzker and Illinois Senate President John Cullerton have entertained.
While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.
Lax oversight of Illinois’ little-known regional development authorities has led to questionable business arrangements with one official in particular.
One wonders how many times an unpopular idea must be knocked down before it rises back from the dead. Especially when it means more money for the state. And especially in Illinois.
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.