Gov. Pritzker walks back his “no tax increase” comments…is a hike on the way? – Wirepoints
It looks like the next attempt at an Illinois tax hike may well be on its way given Gov. Pritzker’s recent walk-back of his “no tax increase” comments. In case you haven’t been paying attention, here’s a quick summary of why the governor and lawmakers might attempt another hike.
As Illinois politicians keep pushing progressive tax schemes, other states keep dumping them. Louisiana is the latest. – Wirepoints
The push for a progressive tax is back in Illinois, just four years after being rejected soundly by voters. Its proponents say Illinois needs a more “modern” taxation scheme. That argument falls flat given what’s happening across the country. Since 2022 alone, eight states have dumped progressive tax schemes in favor of flat tax rates, with Louisiana joining the list just last month.
Illinoisans should watch out for the next try at a progressive income tax on the November ballot – Wirepoints
Illinois’ Nov. 5 ballot will ask state residents this question: “Should the Illinois Constitution be amended to create an additional 3% tax on income greater than $1,000,000 for the purpose of dedicating funds raised to property tax relief?” To entice more Illinoisans to support the $4.5 billion tax hike referendum – advisory only – the proposal is sugar coated with legislators saying they’ll dedicate “funds to property tax relief.”
Don’t fall for the “progressive-income-tax-for-property-tax-relief” tax swap referendum – Wirepoints
While this new advisory referendum could be nothing more than a political distraction, it could also be that lawmakers are gauging Illinoisans’ appetite for another bite at a progressive income tax hike – this time with lower property taxes as a sweetener.
States are rejecting progressive tax schemes, moving to flat tax structures – Wirepoints
In 2020, Illinoisans rejected Gov. J.B. Pritzker and his legislative allies’ push for a progressive income tax scheme in Illinois. And with it, they rejected claims a progressive tax would “modernize” Illinois’ income tax. Right they were. Over the past decade far more states have moved to a flat tax structure than vice-versa.
Illinois’ only redeeming tax feature is being rapidly worn down – Wirepoints
Illinois’ individual income tax has had a moderating effect on Illinois’ otherwise overall high tax burden. It’s been one of the few tax “advantages” Illinoisans have had. But that advantage has been gradually worn down over the years.
22 states, including every Illinois neighbor, cut income taxes permanently. But not Illinois. – Wirepoints
State lawmakers across the country have given their residents permanent tax cuts over the last two years. In all, 22 states have cut individual tax rates since 2021 as a result of booming state-government revenues. But don’t expect any cuts under Gov. J.B. Pritzker.
It’s back…Illinois’ Sen. Martwick to again push for a progressive tax, even as U.S. states overwhelmingly move toward flat or zero income taxes. – Wirepoints
Illinois Sen. Bob Martwick, an ally of Gov. J.B. Pritzker, is reportedly planning to offer a new version of a progressive tax scheme for Illinois “as soon as next month.” A quick scan of national reporting reveals the foolishness of any such tax hike proposal. States across the country are overwhelmingly moving towards flat and zero income tax structures. An Illinois tax hike would be moving in the exact opposite direction, further crippling the state.
Four more states move to a flat tax. Illinoisans were right to reject Pritzker’s progressive income tax. – Wirepoints
To all those Illinoisans who opposed the progressive tax back in 2020: you’re being proven more right every day. This year alone, four states decided to transition their individual state income tax from progressive to flat.
Tone deaf? Asked about pensions, Illinois Speaker Welch again calls for progressive income tax increase – Quicktake
On the progressive tax increase it’s as if he has been on a different planet.
Illinois Speaker Welch admits ‘folks don’t trust us,’ yet calls for redo of progressive income tax hike – Wirepoints
Speaker Welch wants Illinois to have a second go at a progressive tax scheme, this time committing the tax hike proceeds to pensions….which means it would help pay for Mike Madigan’s pension benefit of $149,000 a year.
2017 Federal Tax Cut Turned Out To Be Progressive. A Few Lessons For Illinois And Beyond – Wirepoints
Illinois’ progressive tax amendment fails – Wirepoints
Everything was aligned in favor of the amendment. And yet, it failed. The reason why likely boils down to one word: trust.
20 facts every Illinoisan should know about the progressive tax amendment – Wirepoints Special Report
The airwaves are being bombarded with emotionally charged ads for and against the progressive tax. Still confused? Here are the 20 facts you should know about the progressive tax amendment.
Tax Foundation: Illinois business competitiveness would plummet to 47th nationally under progressive tax – Wirepoints
The report’s final warning shouldn’t be ignored: “Were the proposed graduated-rate income tax adopted, Illinois would trail its peers in just about every aspect of its tax code. If businesses and individuals are leaving the state now, these policies can only make the problem worse.”
The Ultimate ‘Fair Tax’ Treachery Is The Ballot Itself – Updated – Wirepoints
Illinoisans voting on the “Fair Tax” constitutional amendment who have not already studied it probably will be duped into the wrong choice because the ballot is deceitful and incomplete.
Barack Obama Explained In Plain Language Why The Progressive Tax Proposal Would Be Bad For Illinois – Wirepoints
“You don’t raise taxes during a recession.”
Fact Check: The Latest Deception From Supporters Of Progressive Tax Increase – Wirepoints
A response to their recent op-ed in the Chicago Tribune.
Illinois’ latest progressive tax ad: Seven things every Illinoisan should know – Wirepoints
The latest progressive tax ad claims Illinois has “one of the most unfair tax systems in America,” ignoring that 35 states actually have tax structures similar to Illinois. The ad also says 97 percent of Illinoisans will pay the same or less under the progressive tax. That certainly won’t be true in the future.
Progressive tax states lose people, income to flat and zero income tax states – Wirepoints
Flat and no-income tax states are beating out progressive tax states in the contest for people and their incomes. The nation’s seventeen flat and no income tax states won a net 1.9 million residents and $120 billion in Adjusted Gross Income (AGI) from progressive tax states during the 2000-2018 period.
Illinois enacting a progressive tax hike is like Sears attempting a turnaround by hiking prices. COVID-19 only makes it more absurd. – Wirepoints
Wirepoints published a version of this article last year. We’ve updated it to reflect the new reality of the COVID-19 crisis.