Internal Revenue Service

Pritzker price tag: Candidate’s spending promises require doubling state income tax

By Adam Schuster, Orphe Divounguy, Bryce Hill
10/15/2018
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.