Weekend Watch: What's riding on Gov. Pritzker's graduated income tax plan?

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Saturday, March 7, 2020
Weekend Watch: What's riding on Gov. Pritzker's graduated income tax plan?
Illinois voters will also be deciding on Gov. JB Pritzker's graduated income tax proposal this November.

The Better Government Association wants to remind Illinois voters that they'll be choosing more than just the future president this November; they'll also be voting on Gov. JB Pritzker's graduated income tax proposal.

In November, there will be a vote on Pritzker's proposal that 3% of the population pay more on their taxes, BGA's David Greising told ABC 7 Chicago Saturday. Everyone else might see a tax decrease, and there's also been an implication that the new plan will help fix Illinois' pension problem, but that would be marginal, Greising said.

The argument against it is the governor should have paired this with pension reform; there needs to be a constitutional amendment to have comprehensive pension reform in Illinois. But Pritzker thinks an amendment would be unfair, according to the BGA.

Greising said those in lower tax brackets could also see an increase, if the new tax plan is approved.

Visit BetterGov.org for more information.