Illinois politicians are already talking about taxing retirees, adding “surcharges” and city income taxes if they can convince voters to abandon the Illinois Constitution’s flat tax protection and give lawmakers greater taxing power.
“At first glance, [a progressive income tax] seems like maybe it wouldn’t be bad, until you read more. Every state that is adopting this kind of structure is taxing retirement income. That’s a killer for me."
Gov. J.B. Pritzker should set the expectation that Illinois schools will welcome students back to campus full-time for the 2020-2021 school year.
With small businesses and seasonal attractions closed, most of Illinois’ youth find themselves spending a summer without a job. COVID-19 isn’t the only reason, however.
SafeSpeed has been involved in a federal investigation that has resulted in corruption charges against multiple Illinois politicians.
The progressive tax amendment on the ballot Nov. 3 removes the constitutional prohibition on multiple taxation, in addition to removing the flat tax protection.
27,412 loans for at least $150K were made in Illinois through the Payroll Protection Program. See who got what.
"I try to build rapport and relationship with all my clients. They would see each other at the shop and now we sort of have a networking system shattered."
Pritzker has been pushing hard for a progressive income tax amendment as a way to generate $3.7 billion for state spending.
Chicago leaders have been unable to finish developing valuable land after 23 years and $331 million in taxes, but convinced state leaders more time and money were needed.
Income taxes rose 32% for individuals and 33% for corporations in 2017, raising Illinois’ total tax burden to at least sixth highest from 10th highest. More than $1.2 billion went to pensions and debt.
Clay County Judge Michael McHaney said Pritzker’s emergency powers stemming from the COVID-19 outbreak lapsed on April 8, and any executive orders relating to COVID-19 finding their authority under those emergency powers are void.
Gov. J.B. Pritzker and Illinois lawmakers agree that when taxes are too high, not even a casino in the heart of Chicago can make money.