The progressive income tax amendment is a bad idea at the worst possible time.
In May 2019, the legislature approved a ballot referendum question calling for a constitutional amendment to change Illinois' constitution from a flat income tax to a progressive income tax.
It is difficult, if not impossible, to install a progressive income tax that raises substantial new revenues, without significantly increasing the tax burden on the middle class.
The amendment also repeals a critical taxpayer protection: the constitutional ban of more than a single tax on income. Future general assemblies will be allowed to tax the same dollar of income over and over.
On behalf of our members and businesses throughout the state, the Illinois Chamber is aggressively fighting against this deceptive and destructive amendment and its devastating effects on Illinois job creators. The ad below is one example of our participation this effort.
|Todd Maisch | President, Illinois Chamber of Commerce | Stop the Tax Hike Amendment|
We need your help. The more money we can raise, the more information we can get out through the media to inform voters on just how bad this amendment will be for business in Illinois.
We have all shared the pain of two income tax rate increase in the last ten years, and we all need to put a stop to the bleeding. Now is the time to come together and say NO to the progressive income tax amendment that will close businesses and raise taxes on working Illinois families.