Illinois Gov. J.B. Pritzker's proposed so-called "fair tax" plan, which he claims will cut taxes for 97 percent of state residents, will cost the typical DuPage County family about $3,500 and not resolve the state's fiscal issues, according to an Illinois Policy Institute (IPI) report.
In his Jan. 29 State of the State address, Gov. J.B. Pritzker proposed a move from a flat tax rate to a progressive one, which would require a change to the state’s constitution . He also touts an agenda that makes fiscal stability a priority.
As the simmering red-light camera debate still plays out, Jeanne Ives (R-Wheaton) has arrived at just one conclusion.
Conservative activist Cynthia Hopkins argues the devil is in the details when it comes to Gov. J.B. Pritzker’s progressive tax proposal.
Illinois lost more than 130,000 manufacturing sector jobs in 2019, and in DuPage County alone that amounts to 956 jobs. This was before the novel coronavirus hit but, according to the Illinois Policy Institute, this was still the nation's third worst decline in payrolls for the manufacturing industry – behind only Idaho and South Dakota.
Illinois Policy: Graduated income tax is bad news for businesses
Bryce Hill, director of fiscal and economic analysis at the Illinois Policy Institute, has expressed concerns about Illinois' financial preparedness to meet its growing pension obligations.