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What would a graduated income tax mean for Chicago?

OCTOBER 13, 2020 | by Hannah Meisel | BLOCK CLUB CHICAGO

By Hannah Meisel, includes “…But what the fate of Pritzker’s so-called Fair Tax will mean for Chicago’s financial future is less clear cut. The potential for extra revenues at the state level doesn’t make a significant dent in the city deficit, and isn’t a silver bullet for fully funding items Lightfoot campaigned on last year. … ‘We can’t keep taxing the hell out of all of our people who make substantial incomes.’ Lightfoot said. … Lightfoot aides later walked back the comment, telling reporters the mayor still was in favor of the graduated tax.”

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