J.B. Pritzker on Tax Reform
Property taxes must be seriously reduced
Property taxes in Illinois are simply too high. Local governments continue to max out their levies even when they don't need to. There are perverse incentives in state law that encourage that. We can change the law to support local governments and
lower property taxes. And with nearly 7,000 units of government in Illinois, it's time to empower local taxpayers to consolidate or eliminate them. These changes can make a serious dent in property taxes.
Source: 2020 Illinois State of the State address
, Jan 29, 2020
Fair income tax to shift burden to the wealthy
There is a structural deficit today of over $3 billion per year that if left unaddressed will continue to grow. There is a backlog of unpaid bills and debt that exceeds $15 billion. Our option is to reject imposing additional income, retirement and
sales taxes on the middle class and instead enact a fair income tax. This would lift some of the tax burden off of middle income earners and instead ask the wealthiest to pay a little more.
It is not fair that I pay the same tax rate as a teacher, a child care worker, a police officer or a nurse. And efforts to simply increase the income tax rate across the board fuels further income inequality and kicks the can
down the road for our children and grandchildren to solve our ongoing budget issues. The state needs a fair tax, and I am going to be relentless in pursuing one over the next two years.
Source: 2019 State of the State address to the Illinois legislature
, Feb 20, 2019
Illinois needs progressive income tax
It's time for Illinois to modernize our tax code--and to do that, we must fairly raise revenue. Right now, Illinois has one of the most regressive tax structures in the nation. Low, middle, and working-class families pay more of their income in taxes
than millionaires and billionaires and that's unacceptable. A progressive tax system built around our modern economy will give us the tools we need to provide our children a top-notch education and expand job training programs across the state.
Source: 2018 Illinois gubernatorial campaign website JBPritzker.com
, Jul 17, 2017
Page last updated: Apr 16, 2020