The progressive tax amendment on the ballot Nov. 3 removes the constitutional prohibition on multiple taxation, in addition to removing the flat tax protection.
With more than 1.1 million Illinoisans out of work, some of the highest-paid state lawmakers in the nation are in line for a raise – though some are fighting back.
Gov. J.B. Pritzker, House Speaker Mike Madigan and other Illinois leaders were banking on a federal bailout long before COVID-19. How else can one explain their recklessness?
The budget was not balanced, and Illinois has not balanced a budget for nearly two decades. Pretending Illinois had no issues before COVID-19 won’t help it recover.
Two decades of fiscal mismanagement have left state finances ill-prepared for the COVID-19 pandemic. Congress should condition any additional aid for troubled states on taxpayer protections that ensure pensions are solvent, accounting is realistic and budgets are balanced.
Illinoisans shoulder among the highest tax burdens of any state, and that should come with robust services. But soaring debt and pension costs have left too little room for the things residents need most from government.
State lawmakers in 2019 passed a progressive income tax amendment at the behest of Gov. J.B. Pritzker. Now that coronavirus has ravaged the state’s small business community, they should withdraw the amendment.
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.