Wednesday, March 21, 2018

Pritzker advances timetable on progressive tax move. Illinois Democrat Candidate Ready For Higher Taxes.

Crain's Chicago Business reports:
Pritzker's solution to that, at least in part, has been to change the state's income tax from a flat rate to one that would hit wealthier people more, and lower-income folks less. That would take at least two years, however, because a needed consitutional amendment could not be approved by voters at least until the 2020 election. Pritzker said he has a short-term remedy: raise the overall rate, but then effectively lower it for most taxpayers by adding and expanding deductions for those with low and moderate incomes.
The struggles of Blue America..