Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
2 Comments
Audio and summary linked here.
-- Connecting the dots between our economy, government and business --
A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Sigcho -Lenin has no problem with taxing the rich to death.
Is this an income tax or an asset tax? Anyone who believes an income tax would be limited to $1MM should stick around and see how quickly the $1MM becomes $100K and then $50K. Capital flight will effect State revenues as well. How dumb is they?
Spot on MsT. A city income tax would finish off Chicago just like it did to Detroit.
How about stop being a sanctuary city and state? Use the money spent on illegal immigrants and spend the money on US citizens. Oh wait, Dems blocked that referendum from letting citizens have a voice.
I’d like to replace Ald. S-L with the woman who rightly pointed out that the migrants are illegal immigrants and stated, “guys overspent the budget to pay for people who have not paid any taxes”.
Is there really any doubt you are being lied to? Of course not. And how about that idea to tax those 120,000 millionaires. That’s a sure way to drive out of Chicago more of the people who are able to pay something towards the fiscal mess the City has created. Dumb and dumber is taking over this socialist leaning city council.
If the November referendum passes, let the exodus of Chicago millionaires commence…
Yeah, that’s one group Chicago shouldn’t encourage to leave.
Hmm….Detroit doesn’t have 120,000 millionaires…….
Not anymore.