Graduated Income Tax Pros and Cons

 
Left: Quentin Fulks, right: Larry Ivory

Left: Quentin Fulks, right: Larry Ivory

Left: Twitter/quentinfulks, right: Taylor Media

Illinois voters are being asked whether they want to change the state's income-tax structure from a flat-rate system to one that takes more from wealthier residents. Democratic Gov. J.B. Pritzker is backing what he calls the “fair tax.” It promises that no one making less than $250,000 would pay more. That's 97% of taxpayers. But wealthier taxpayers would pay up to a top rate of 7.99%. It would generate $3.4 billion more a year in revenue. Opponents claim it will give lawmakers a “blank check” to increase spending without paying the state's massive pile of debt. - Associated Press

The 21st goes more in-depth on both sides of the issue.

Guests:

Larry Ivory, CEO of the Illinois State Black Chamber of Commerce 

Quentin Fulks, Chairman, Vote Yes for Fairness and Deputy campaign manager, J.B. Pritzker’s 2018 campaign for governor

 

Prepared for web by Zainab Qureshi

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