Don Harmon

A progressive income tax means fewer resources for businesses to invest, grow and create jobs

By Benjamin VanMetre, Erik Bauman
04/09/2014
A progressive income tax would hit Illinois’ businesses community hard. That’s because S corporations and most partnerships “pass-through” their income to the individual owners of those businesses, meaning their profits are taxed at the state’s personal income tax rate. That’s on top of the 1.5 percent replacement tax these businesses pay. State Sen. Don Harmon...

State Sen. Don Harmon’s progressive tax plan would hurt Illinois’ small businesses

By Benjamin VanMetre
04/07/2014
State Sen. Don Harmon’s progressive tax hike proposal would be a massive tax increase on Illinois businesses. A recent Tax Foundation report shows that 61 percent of Illinois employers are pass-through entities – meaning their earnings are taxed at the personal income tax rate instead of the corporate income tax rate. Examples of pass-through entities...

State Sen. Don Harmon’s progressive tax plan would hurt middle-class Illinoisans

By Benjamin VanMetre
04/01/2014
Lawmakers and special-interest groups across Illinois are trying to dupe Illinoisans into paying higher income taxes. They’re trying to convince Illinoisans that a progressive income tax hike is only a tax hike on the rich. But that couldn’t be further from the truth. Need proof? Look at the most recent progressive tax hike proposal. Under...

TAGS: fair tax, graduated income tax, income tax, progressive income tax