Despite mounting budget pressure, graduated income tax remains political longshot
Gov. JB Pritzker backs the idea in principle but says it’s not a 2026 priority.
Tag: graduated income tax
Capitol Briefs: Former Gov. Quinn pushes for ‘millionaire tax’ amendment; Underground Railroad task force issues findings
Former Illinois Gov. Pat Quinn says the Nov. 5 election results show voters are willing to support a graduated income tax structure to provide property tax relief.
‘Painful’ Funding Cuts For Illinois Schools Loom Following Fair Tax Rejection
SPRINGFIELD – After voters rejected a ballot initiative that would have increased taxes on the state’s highest earners, Illinois school district officials and advocates expect cuts to state funding. The ballot initiative, commonly referred to by advocates as the “Fair Tax,” was projected to pump billions into the state’s coffers during a period when the