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On election day, I hope you were able to cast your vote. If you live in Illinois, you also saw that the Progressive “Fair Tax” was on the ballot. According to Illinois Policy.org, on July 6, 2017, the Illinois General Assembly voted to override then-Gov. Bruce Rauner’s veto of a record-setting permanent income tax hike. Personal income tax rates rose 32%, to 4.95% from 3.75%, while corporate income taxes rose 33%, to 7% from 5.25%. Now, the Illinois General Assembly and Governor J.B. Pritzker are begging to change the Illinois constitution so that Illinois residents are assigned income taxes based on their annual income- higher income means higher taxes. The language outlining this change from a flat income tax to a bracketed income tax ALSO includes the elimination of voter input. This means that Illinois residents will no longer vote on how much their income is taxed, because the Illinois General Assembly will be the only party necessary to give consent to a tax hike. This change to the Illinois Constitution is Progressive “Fair Tax” that was on the ballot.
By AmandaOn election day, I hope you were able to cast your vote. If you live in Illinois, you also saw that the Progressive “Fair Tax” was on the ballot. According to Illinois Policy.org, on July 6, 2017, the Illinois General Assembly voted to override then-Gov. Bruce Rauner’s veto of a record-setting permanent income tax hike. Personal income tax rates rose 32%, to 4.95% from 3.75%, while corporate income taxes rose 33%, to 7% from 5.25%. Now, the Illinois General Assembly and Governor J.B. Pritzker are begging to change the Illinois constitution so that Illinois residents are assigned income taxes based on their annual income- higher income means higher taxes. The language outlining this change from a flat income tax to a bracketed income tax ALSO includes the elimination of voter input. This means that Illinois residents will no longer vote on how much their income is taxed, because the Illinois General Assembly will be the only party necessary to give consent to a tax hike. This change to the Illinois Constitution is Progressive “Fair Tax” that was on the ballot.