Speaker Emanuel ‘Chris’ Welch wants a graduated income tax do-over — this time tied to pension funding

Link: https://www.chicagotribune.com/politics/ct-chris-welch-speaker-graduated-income-tax-illinois-20210224-fuzpz3fznrdwzpp7lhnhdlflue-story.html


New Democratic House Speaker Emanuel “Chris” Welch suggested Wednesday that the state should again ask voters to approve a graduated-rate income tax, but this time target the new money toward paying down Illinois’ massive pension debt.

The call for a do-over came after voters in November overwhelmingly rejected Democratic Gov. J.B. Pritzker’s graduated income tax proposal. Opponents, including Republicans and business leaders, used distrust of Springfield to argue for keeping the state constitution’s flat tax requirement.


Publication Date: 24 February 2021

Publication Site: Chicago Tribune