On Election Day Nov. 3, Illinoisans will have the opportunity to vote on a Constitutional amendment to allow for a graduated income tax rate to replace the current flat tax applied to all wage earners.
The fear mongering and partisanship are ramping up. Don’t be hoodwinked. The graduated personal state income tax will not raise taxes but will lower them for 97% of Illinoisans.
Ask a child in grade school: should millionaires and billionaires pay the same tax rate as people working three part-time jobs earning minimum wage?
People arguing against the graduated income tax don’t have facts on their side so they manipulate numbers, cherry pick statistics and toss out fear and innuendo.
The graduated income tax is called “the fair tax.” Most states, including those surrounding Illinois have a graduated income tax.
Take advantage of fact-based reporting and research when determining how you will vote. Don’t be misled by these recent blurbs from headlines: “let Illinois crash and burn” and “worst possible time to raise taxes.”
Instead, go to the not-for-profit Center for Tax and Budget Accountability and read the research: States with graduated income taxes are more than twice as likely to cut taxes than to raise them: