“There is nothing “fair” about Governor Pritzker’s “fair tax amendment””

A Progressive Tax Will Doom Illinois Small Businesses
By John Tillman
October 19, 2020

…While all taxpayers are at risk once Illinois state lawmakers can divide taxpayers without facing pushback from constituents, the insidious part is the progressive tax would kick small businesses and our economy as we struggle to recover from the COVID-19 pandemic. Economists roundly warn against adding taxes during a recession. In Illinois, small businesses are responsible for 3 out of every 5 net jobs created. Small-business owners have also suffered the most during the economic fallout from COVID-19.State lawmakers already passed initial progressive rates in case they win voters’ approval. The hit to over 100,000 small businesses in Illinois will be up to a 47 percent tax increase. And that’s just the damage so far. READ MORE

This entry was posted in Politics and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.