• About Us
  • Write For Us
  • Advertising
  • Support
  • Contact Us
March 31, 2023 8:26 am CDT
LISTEN LIVE:
No Result
View All Result
Heartland Newsfeed
Call Now: 844-592-0768
728x90 Explore Twitch Services
ADVERTISEMENT
  • Illinois
    • Local
      • Capital Area
      • East Central Illinois
      • West Central Illinois
    • Regional
      • Chicagoland
      • Metro-East
      • Northern Illinois
      • Quad Cities
      • Southern Illinois
    • Obits
    • Executive Watch
    • Legislative Watch
    • Road Conditions
      • Illinois
    • Weather Closings
      • Central Illinois
  • Missouri
    • Regional
      • Northeastern Missouri
      • East Central Missouri
      • St. Louis Metro
      • Southeast Missouri
    • Executive Watch
    • Legislative Watch
    • Weather Closings
      • Greater STL Metro (IL/MO)
    • Road Conditions
      • Missouri
  • Weather
  • National
  • World
  • Sports
    • Basketball
      • NBA
    • Bowling
    • Boxing
    • Football
      • Arena Football
      • CFL
      • NFL
      • XFL
      • USFL
    • Golf
      • PGA
    • Hockey
      • NAHL
      • NHL
    • MLB
      • MiLB
    • MMA
      • UFC
    • NCAA
      • Basketball
      • Football
    • Olympics
    • Preps
    • Racing
      • Horse Racing
      • NASCAR
    • Soccer/Futbol
      • Bundesliga
      • Champions League
      • FIFA
      • La Liga
      • MLS
      • NWSL
      • Premier League
      • U.S. National Soccer
      • USL
      • USL Championship
    • Tennis
    • Wrestling
      • AEW
      • Independents
      • MLW
      • NJPW
      • NWA
      • ROH
      • WWE
  • Entertainment
    • Crossword
    • News Quiz
  • Opinion
    • Letters To The Editor
    • Editorial
    • Columnists
  • Radio
    • Affiliates
    • Live Video
      • HLNF Live
      • RTMP Direct
    • Network Schedule
    • Network Streams
    • Podcasts
      • Radio Network
      • Podcast Network
  • Features
    • Classifieds
      • Current Ads
      • Job Board
        • Job Listings
        • J2CTalroo
        • Post a Job
        • Receive Alerts
        • ZipSearch
    • Community Calendar
    • News Feeds
      • Statehouse
      • Legislative
      • Breaking News
  • Store
  • Deals
  • Calendar

No products in the cart.

Heartland Newsfeed
No Result
View All Result

Despite outflow of high earners, Democratic gubernatorial candidates push progressive tax

The Center Square by The Center Square
November 13, 2017
in Business & Lifestyle, Decision 2018, Financial News, Governmental Watchdogs, Illinois, Politics
Reading Time: 2 mins read
Donate
0

CHICAGO (Illinois News Network) — With an entire year until the 2018 election for Illinois governor, instituting a progressive tax is already emerging as a battleground topic in the race.

In one of his newest campaign ads, Democratic gubernatorial candidate J.B. Pritzker highlights the benefits of taxing people who make more at a higher rate than those who don’t.

“As governor, I’ll fight to pass a progressive income tax,” he says in the ad. “It will make the wealthy pay more, support priorities like education, and reduce the tax burden on middle-class families.”

Pritzker’s Democrat challengers also have spoken out in favor of a progressive tax, also known as a graduated income tax.

Gov. Bruce Rauner opposes a progressive tax, calling it the last straw for overtaxed Illinoisans.

“Many more will leave that have already been leaving,” he said at an appearance in 2016. “There’s been an argument that says, ‘Let’s get higher income people to pay and then middle income people might not have to pay more.’ That’s baloney.”

His Republican challenger, state Rep. Jeanne Ives, also opposes a progressive tax.

To change from a flat tax to a progressive one, voters first must vote to amend the state’s constitution to allow it.

Battles over the progressive tax aren’t new. It was called a “Fair Tax” in 2014 when it failed.

House Speaker Michael Madigan tried, in vain, to place a surcharge on income over $1 million in the spring of 2016. Another Democrat leader filed a bill months later to institute a progressive tax that ultimately failed as well.

According to Census data, the average pay of the 114,000 people leaving Illinois for other states in 2016 was nearly $80,000. The group of people leaving Illinois in droves include millionaires, who along with other higher-end earners would most be impacted by a progressive tax. According to research firm New World Wealth, about 3,000 Chicago millionaires left the state in 2015. Chicago was the only U.S. city to see such a large number of millionaires leave for other U.S. states.

A March WalletHub report on overall tax burden put Illinois as the costliest in the nation. It said the state’s residents pay more than $8,000 annually in state and local taxes.

Analysts with the nonpartisan Tax Foundation called Illinois’ flat tax as “its saving grace” in terms of policies that attracted or repelled businesses.

In its annual “Tax Freedom Day” report, the foundation determines the day of the year when the residents of each state have worked enough to pay off their tax burden. Analyst Nicole Kaeding said that Illinois’ Tax Freedom Day, which is already seven days behind the nation average, would fall even later if the state instituted a progressive income tax.

Written by Cole Lauterbach. Lauterbach reports on Illinois government and statewide issues for INN. Lauterbach has managed and produced shows for news/talk radio stations in both Bloomington/Normal and Peoria, and created award-winning programs for Comcast SportsNet Chicago.

The Center Square
Website | + posts

The Center Square -- formerly known as Watchdog.org and the Illinois News Network -- and their reporters represent 18 states across the United States as the taxpayers' watchdog, exposing the way government really works.

  • The Center Square
    https://www.heartlandnewsfeed.com/author/illinoisnewsnetwork/
    More than 30,700 Illinois mail-in ballots rejected
  • The Center Square
    https://www.heartlandnewsfeed.com/author/illinoisnewsnetwork/
    Illinois to see two gas hikes in 2023
  • The Center Square
    https://www.heartlandnewsfeed.com/author/illinoisnewsnetwork/
    Illinois sports betting posts big numbers
  • The Center Square
    https://www.heartlandnewsfeed.com/author/illinoisnewsnetwork/
    Two Illinois state lawmakers to retire

Share this:

  • Twitter
  • Facebook
  • LinkedIn
  • Reddit
  • Tumblr
  • Telegram
  • Print
  • Email

Like this:

Like Loading...
Tags: Bruce Raunerdemocrat illinoisDemocraticFairTaxGov. Bruce RaunerIllinoisillinois democratJB PritzkerJeanne IvesMichael MadiganNew World WealthNicole Kaedingprogressive taxRep. Jeanne IvesTax FoundationTax Freedom DayWalletHub
Share196Tweet123Share5Send

Discussion about this post

📻 ON AIR NOW

.
ADVERTISEMENT
  • Five things you should know before purchasing auto insurance

    616 shares
    Share 246 Tweet 154
  • Nokomis council passes dumpster ordinance

    543 shares
    Share 217 Tweet 136
  • Illinois to see two gas hikes in 2023

    538 shares
    Share 215 Tweet 135
  • Viola Armstrong, 92, Pana

    531 shares
    Share 212 Tweet 133
  • Leto Voudrie, 83, Moweaqua

    530 shares
    Share 212 Tweet 133

HOURS AND INFO

800 Capps Ave.
Nokomis, IL 62075-1415
admin@heartlandnewsfeed.com
Online all the time 
Office Hours: 8 AM to 8 PM
Newsroom: (217) 569-4230
Listen Line:
(217) 569-4230 ext. 1
Advertising:
(217) 718-5281
After-Hours:
(217) 565-9709 / (217) 565-9273

Sitemap | Published Press | Privacy Policy
Staff Email | Independent Media

LIVE WEBSITE VIEWERS

.
ADVERTISEMENT

DEADLINES

Daily: 11 p.m. Central
Weekend: 11 p.m. Central
Sports: 11 p.m. Central

Upcoming deadlines
NYE/NYD: December 30, 5 p.m. Central

WEBRINGS

Hotline Webring: Previous — Next

Some rights reserved 2017-2023 by Heartland Newsfeed, a subsidiary partnership by Heartland Internet Media Networks and Heartland Media Group of Central Illinois LLC. Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record. JNews theme designed and developed by Jegtheme.

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Some rights reserved 2017-2023 by Heartland Newsfeed, a subsidiary partnership by Heartland Internet Media Networks and Heartland Media Group of Central Illinois LLC. Content published by Heartland Newsfeed staff is covered by the BipCot NoGov license. This allows use and re-use by anyone except governments and government agents. License on record. JNews theme designed and developed by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

00:00
00:00
WP Radio
WP Radio
OFFLINE LIVE
%d bloggers like this: