Manufacturers say legislators at the Illinois State Capitol have done enough damage and a progressive tax would be too much.
Last week, former Illinois Governor Pat Quinn proposed a 3% surcharge on incomes over $1 million. The effort comes after voters in 2020 disapproved of changing the state’s flat tax to a tax with higher rates for higher earners. All the talk comes as Chicago’s Mayor calls for “progressive revenue” from Springfield. Last week, Governor J.B. Pritzker discussed taxation.
On Tuesday, Technology and Manufacturing Association Executive Vice President Dennis LaComb said even the talk about such policies will turn prospective businesses away from Illinois. LaComb criticized recent action out of Springfield that decoupled from the federal tax code and that passed “unaffordable energy and transit bills.”
Story from Illinois Radio Network
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