Budget + Tax
An Illinois wealth tax would be a legal disaster.
Illinois’ latest tax scheme, a 4.95% “wealth tax” on unrealized gains for billionaires, risks violating the state constitution, likely resulting in a long and costly legal battle. As part of a plan to generate $1.5 billion for the…
Illinois House Democrats push first-in-the-world wealth…
State lawmakers are rushing a first-in-the-world wealth tax on billionaires. They also want…
Mayor Johnson’s record-setting $1 billion TIF surplus…
Chicago Tax Increment Finance “surpluses” have increased more than ninefold in the past…
What you need to know about Illinois’ candy tax
Illinois’ candy tax doesn’t apply to any treats made with flour. Kit Kat, Twix and Snickers…
Budget cap could have saved Chicago $600M
Chicago’s budget has grown much faster than inflation, leaving taxpayers to endure higher…
Using Microsoft, Salesforce, ChatGPT will cost more under Johnson’s Cloud Tax
Microsoft, Salesforce, ChatGPT, Amazon Web Services and Zoom would all come with higher prices under Chicago Mayor Brandon Johnson’s cloud tax. Cloud-based computer services such as Microsoft 365, Salesforce, ChatGPT, Amazon Web…
Johnson’s “Protecting Chicago” budget proposes nearly…
Chicago Mayor Brandon Johnson describes the 2026 budget as “Protecting Chicago,” but his plan…
Pritzker absolutely opposed to Johnson’s Chicago…
Gov. J.B. Pritzker told the Chicago Economic Club Oct. 21 that he absolutely opposes Mayor…
Illinois SNAP errors could cost taxpayers up to $700…
Illinois risks millions in penalties under new federal law because of errors in determining…
Chicago Mayor Brandon Johnson proposes $21 per employee…
Chicago Mayor Brandon Johnson proposed a $21-per-employee monthly tax on large companies to…
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