Civic Federation opposes Pritzker’s income tax plan: ‘Nothing in the package protects any one group of taxpayers’ – Chicago Sun-Times*

Voters are not deciding on the rates when they cast their ballot in November. The rates were passed by the Legislature and signed into law by Pritzker last June.
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PH
5 years ago

One concern I have (among many) is that by removing the language currently in the constitution that limits the number of income taxes that can be assessed on income to one, the door opens to a state income tax (flat or graduated), and then another “Emergency COVID Recovery Surcharge” (or similarly named tax) assessed on that same income.

Nothing to keep that from happening.

Lyn P
5 years ago
Reply to  PH

The “multi-ways” of tax on one’s income under a new progressive scheme has been hammered home by Wirepoints’ analyses.

Tom H
5 years ago

If this passes, it is the sign that all hope is lost and to pack… I really hope we can avoid this and make some common sense reforms.
Makes me sick. These pols work for us!!! Not the other way around.

Dr Nemo
5 years ago
Reply to  Tom H

Uh No. It IS the other way around and has been for a long time. To paraphrase Marlowe from “The Wire”; “You want it to be one way. But it’s this other way.”

Last edited 5 years ago by Dr Nemo

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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