Mayor Brandon Johnson Pitches ‘Tax-the-Rich’ Strategies to Reduce City’s $1.2B Budget Deficit

Mayor Brandon Johnson pitches ‘tax-the-rich’ strategies to reduce city’s $1.2B budget deficit

CHICAGO (WGN) — During his weekly media address on Tuesday, Chicago Mayor Brandon Johnson reaffirmed he is not planning to propose a tax increase in this year’s budget proposal. Instead, he says he is looking for other sources of progressive revenue to address the city’s $1.2 billion budget deficit. “I’m going to go after progressive revenue, that’s what the people of Chicago, working class families in particular, want to see us to do,” Johnson …

Mayor Brandon Johnson Says New Taxes for Big Companies 'On the Table ...

Brandon Johnson floats corporate head tax to help close Chicago budget deficit

Chicago Mayor Brandon Johnson has vowed not to propose property tax hikes to close the city’s budget deficit, but floated the idea of a variety of corporate taxes to help do so. One of those taxes would be a “corporate head tax,” which could assess a tax for each employee large corporations employ within city limits. “It’s an option,” Johnson said during a press availability Tuesday. “We’re on the pace to build 10,000 affordable homes. I also ma…

Mayor Johnson considering corporate head tax to help balance Chicago budget

Mayor Brandon Johnson is considering a corporate head tax and possibly a corporate income tax to help balance the Chicago budget.

Mayor Johnson’s crossroads — budget decisions that will define his financial stewardship of Chicago – Chicago Sun-Times

Reinstating the $4-a-month-per-employee head tax, lump-sum payments in lieu of taxes for hospitals, churches and other non-profits exempt from paying property taxes, taxing digital advertising and a corporate income tax are all “options” on the table, the mayor said Tuesday. He acknowledged that the there is “still some ambiguity” about whether or not a corporate income tax would require legislative approval.

Chicago Mayor Floats Reviving Tax on Corporations to Raise Cash

Chicago Mayor Brandon Johnson is considering reviving a tax on corporations to help raise revenue and balance the city’s budget.