IL tax on billionaires’ ‘unrealized gains’ would face stiff constitutional test – Legal Newsline

Observers have chided Illinois Democrats for introducing the legislation in such slapdash and rapid fashion, apparently seeking to use their supermajority status in Springfield to ram such a sweeping proposal through with minimal debate in the closing hours of a legislative session. The rapid spin-up of the 1,000-page proposal has left even those well-schooled in state and federal constitutional law doubtful of their ability to digest and interpret the proposal, as yet.
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ProzacPlease
7 months ago

IL Democrats are very worried about imagined Constitutional violations by the federal government actually enforcing immigration law.

But these Constitution zealots are more than happy to ignore the Constitution when trying to pass a wealth tax.

Strange.

Call my shrink
7 months ago

If this passes the Putzger family will have to pay alot more taxes. This is is same guy who tried to write off new toilets . Lmao. No chance he signs it

Deb
7 months ago

I wonder if Pritzker moved all his money to the Caymans yet so he won’t have to pay this tax.

David F
7 months ago

Get serious JB isn’t going sign something to raise his own taxes, hell he took the toilers out to prove that.

Mark F
7 months ago

If Chicago can tax unrealized gains from the rich, will the rich be able to deduct unrealized losses too?

Bross
7 months ago

Watch out JB. The neo-Marxists will come for you someday. And there won’t be anyone around to save you.

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