Illinois Revenue Reform Debate in August Newsletter
The Chicago Association of Commerce and Industry urges a new revenue article for Illinois to fund schools and mental institutions. The writer disputes a prohibition on a graduated income tax and supports broad legislative taxing powers, noting inequities in current uniform property taxation and a flawed sales tax structure.
MENTIONED IN THIS ARTICLE
Chicago Association of Commerce and Industry
Ilinois
Illinois
Bernard M. Peskin
Northbrook
Revenue Article Needs Passage Says Illinois Association
The document argues sales tax burdens fall hardest on lower income families with four members. It notes distortions from multiple levies and the 5 percent debt cap. To amend the revenue article, 2/3 House votes followed by voter approval is required.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
General Assembly
Association
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