Illinois’ comeback story starts here.

Chicago mayor, Chicago Teachers Union want ‘millionaire tax’ money

Chicago mayor, Chicago Teachers Union want ‘millionaire tax’ money

Chicago Mayor Brandon Johnson is banking on $300 million in new property taxes from residents in his latest budget. He and his former coworkers at the Chicago Teachers Union want a progressive state income tax to deliver more money to them, not to property tax relief.

By Dylan Sharkey

Marsha Familaro Enright

Marsha Familaro Enright

“Part of the idea is to have people in many different professions who are knowledgeable about the principles of entrepreneurship and liberty."

Argie Karafotias

Argie Karafotias

"There needs to be transparency and accountability."

3 ways a ‘millionaire tax’ would hurt Illinois

3 ways a ‘millionaire tax’ would hurt Illinois

Illinois voters on Nov. 5 will be asked whether they favor a “millionaire tax.” Here are three things to know about it: the tax can be easily avoided, it fails to provide stable revenue and it discourages or limits economic growth.

By Matheus Cosso

Illinois pension crisis would devour ‘millionaire tax’

Illinois pension crisis would devour ‘millionaire tax’

Illinois needs to spend $4.9 billion more annually to pay for pensions, but the “millionaire tax” would only raise an estimated $3-$4.3 billion. That’s too little for the pension bills and would leave nothing for property tax relief.

By Bryce Hill