Pritzker’s fair tax system may not seem fair in DuPage county

Pritzker’s fair tax system may not seem fair in DuPage county

The progressive tax system or “fair tax” may not seem fair for the residents of DuPage county. The residents of DuPage county already lost 1000 jobs before the coronavirus crisis. According to the experts, the pandemic may take another 131853 jobs in Illinois. If DuPage county voters approve Gov. Pritzker’s fair tax system, then it may become true.

The middle-income families of DuPage county will lose $3500 annually after the approval of the progressive tax system introduced by JB Pritzker, the governor of Illinois. According to financial experts, the fair tax plan of Pritzker may cost the state approximately 286000 jobs. DuPage County will lose approximately 7700 jobs as a result of the progressive tax plan.

The Illinois Business Alliance released a statement about why the graduated income tax is bad for Illinois, and eventually bad for DuPage. The statement came after the release of the financial projections for the fiscal year 2019-20 and 2020-21 by the Governor’s Office of Management and Budget (GOMB) on April 16.

The revised financial projections released by the governor’s office stated that the general funds would remain $2.7 billion below in 2020 from the figures projected in February. The office released the projections in February, which revealed that the state would raise $36.9 billion in general funds in 2020. The office further stated that the general funds in 2021 would also remain $4.6 billion below from the projections made in February. The state estimated the revenue generation of $38.5 billion in 2021.

A reporter asked about the rethinking of the progressive tax plan from Pritzker during his daily press conference. The governor replied, “Look, it’s on the ballot for November. I think people will be making their own decision about it.” Pritzker added that they needed it now more than ever. The IBA responded to the governor’s statement on April 16. The IBA said that it would be unfair to raise taxes on businesses during the financial downturn.

Guest Writer

Related Posts
Illinois COVID-19 Vaccine Administration Plan’s Initial Phase 1B announced
Illinois Governor J.B. Pritzker has announced that the state will be moving into the early
Pritzker announces over $3 million investments to help small businesses overcome COVID-19
JB Pritzker, the governor of Illinois, announced new investments to help more small businesses. The
Pritzker calls for more COVID-19 vaccines
JB Pritzker, the governor of Illinois, is calling for more coronavirus vaccines for his state.
Pritzker Administration Targets $520 Million Corporate Tax Loopholes in Advance of Lame Duck Session
CHICAGO — Due to the budget crisis caused by the ongoing COVID-19 pandemic, Governor JB Pritzker
Next Phase of COVID-19 Vaccine Distribution Plan, Lowers Vaccine Age to 65
CHICAGO – Building on guidance by the Centers for Disease Control and Prevention’s (CDC) Advisory Committee
Illinois Governor Announces Partnership with ALDI
Good news for Illinoisans. J.B. Pritzker’s administration has announced a new partnership with ALDI to
Impossible situation for small businesses amid stay-at-home threat, whom to blame?
JB Pritzker, the governor of Illinois, has threatened to issue state-at-home order as a last
Gov. Pritzker welcomes leadership shown by Biden on coronavirus
JB Pritzker, the governor of Illinois, welcomed the leadership shown by Joe-Biden, the newly elected
Illinois Governor says Progressive Tax Amendment Vote Outcome Might not be known Tonight
Illinois Governor J.B. Pritzker said it is not clear whether Illinoisans rejected or approved the
Will, Kankakee Counties Open Bars
Bars have opened in Will and Kankakee counties. Restaurants have opened for indoor dining as