Minnesota

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.

How to mislead Illinoisans into accepting higher taxes

By Orphe Divounguy, Bryce Hill, Joe Tabor
05/03/2018
A new report would have Illinoisans believe that a progressive income tax means tax cuts and economic growth. Illinois lawmakers’ tax-and-spend tendencies and evidence from all 50 states say otherwise.

TAGS: CTBA: Center for Budget and Tax Accountability, deficit, GDP: gross domestic product, graduated income tax, income tax, jobs, progressive income tax, Ralph Martire, spending, spending cap, taxes

Budget Solutions 2019: The responsible budget for Illinois

By Orphe Divounguy, Bryce Hill, Joe Tabor
02/06/2018
Even after a 32 percent income tax hike, the Illinois General Assembly passed a state budget in 2017 that will generate an estimated $1.5 billion deficit in fiscal year 2018. That deficit is projected to grow to $2.15 billion in fiscal year 2019, according to the Governor’s Office of Management and Budget, or GOMB. The...