Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
With Pritzker and the supermajority Democrats spending lust, this has to be just the beginning of a trend of much higher taxes on corporations by IL. These corporations have what seems like armies of accountants, lawyers, and consultants to figure where to reduce cost and use the savings to boost executive compensation and the share price. A strategy of ‘playing chicken’ with corporate taxes is not going to work for long.
I believe state switching “from the Joyce to the Finnegan model for allocating corporate income tax” is the new big long term tax that will hinder business from considering setting up shop in Illinois on top of everything else. Can’t say I understand it all, but allows Illinois to tax some out of state corporate profits. Seems like more desperation, ‘eat your seed corn’ taxation. But many other states are Finnegan model.
They forgot to mention the new head tax Illinois is applying to businesses that offer medical benefits to their employees: A $15 per person annual fee for any person with pharmacy coverage. Per census data, the average household size in Illinois is 2.52 persons, so employers will be paying on average an additional $37.80 per employee. Hidden taxes are the best, aren’t they? Pretend the “fee” is being paid by Pharmacy Benefit Managers when it’s clear that it will be paid by employers.
Putting on the after burners to chase more businesses out of Illinois. The decline of the state is accelerating.
I guess that’s what they want. I know; I don’t get it, either.