The Illinois Constitution requires a flat income tax. The
progressive income tax proposal would have created different tax
rates for different income levels. Voters rejected that idea.
Crain's Chicago Business reported this week that state Sen. Robert
Martwick, D-Chicago, plans to offer up the measure again in the
coming weeks.
During his trip to Switzerland for the World Economic Forum,
Pritzker was asked about the possibility of the proposal coming
back.
Pritzker did not answer the question directly but said his focus
would be on other areas.
"That's not something I am focused on this session," Pritzker said.
"We have done important work to balance the budget and close
corporate loopholes. There is a mistaken belief by some that the
balancing of the budget was entirely because of money that came from
ARPA [American Rescue Plan Act] to the government, and that is just
false."
Many fiscal observers disagree, and argue Illinois' finances will be
in dire straits again when the federal COVID-19 relief money runs
out.
Pritzker said Illinois made improvements without raising taxes on
certain income levels.
"I am excited about the fact that we balanced the budget with the
existing resources and enhanced revenue in a way that doesn't raise
any of the major forms of taxation in Illinois," Pritzker said.
Martwick could not be immediately reached for comment but did issue
a statement to WTTW.
"We are on course, a crash course, with our finances. Eventually, we
have massive pension debt that we have to pay down," Martwick said.
"We have commitments to fund public education, and the reality of it
is, is that our revenue trajectories long-term don't match our debt
trajectories. So if we don't do something, whether this is the best
idea or not, then we're putting the next generation in the position
where they're going to be forced to make draconian cuts just to get
by."
Illinois residents already pay among the highest taxes in the
nation.
Andrew Hensel reports on issues in Chicago and Statewide. He has
been with The Center Square News since April of 2021 and was
previously with The Joliet Slammers.
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