Illinois’ comeback story starts here.

Argie Karafotias

Argie Karafotias

Argie Karafotias’ business is his American Dream come true. It survived the pandemic downturn thanks to strong community support. He was asked about the advisory question on the Nov. 5 ballot, which proposes property tax relief in exchange for a 3% tax hike on millionaires.   “Before we ask the question of raising taxes, I think...

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