The proposal comes a year after mayor pledged to provide relief to residents from regressive fees. She said the move is about safety, but Chicago is seeking cash.
A “conservative” estimate predicted 20% of Illinois restaurants would not survive COVID-19 closure orders, but predictions ranged as high as 85%. Some are fighting back.
A Kane County judge granted FoxFire’s request for a temporary restraining order against the governor’s recent COVID-19 executive orders banning indoor dining.
Cook County property taxes have grown at triple the rate of the cost of living. The “fair tax” backers promise it will bring property tax relief, but the evidence refutes their claim.
The progressive income tax amendment would carry a hidden cost of $1,800 a year in lost home value for 3.2 million homeowners if Illinois sees the same impact as Connecticut.
Increased property and sales taxes will likely offset all savings from progressive income tax scheme.
House Speaker Mike Madigan has now lost the support of eight Democrats in the House, with most seeking his immediate resignation, since he was implicated in a $1.3 million federal bribery scandal.
The Democratic Party of Illinois campaign committee, chaired by House Speaker Mike Madigan, recently contributed to Illinois Supreme Court Justice Thomas Kilbride’s retention campaign. Kilbride had sworn he would take no Madigan money.
Every state without an income tax has lower property taxes than Illinois. The progressive tax amendment includes no property tax reforms, so there’s no guarantee property taxes won’t rise as income taxes rise.
“The amendment just eliminates the requirement for a flat tax. The tax brackets and everything they’re talking about, or what the money would be spent on – none of that is guaranteed by the amendment.”
In Illinois, you can show up at the polls, register and vote all at the same time.
The credit rating agency also said Illinois will soon pass the point of no return on public pension debt. It warned against schemes to stretch or delay pension payments.
A typical Chicago homeowner faces up to $255 in potential property tax increases to cover city and school deficits. City income taxes could be next, if the ‘fair tax’ were to pass.
Illinois lost 12,000 jobs in September and is home to the highest unemployment rate in the Midwest. Gov. J.B. Pritzker’s “fair tax” proposal would worsen the state’s jobs climate even more.