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Illinois Millionaire Tax Amendment Fails to Gain Enough Support From House Democrats
The proposal would have raised an estimated $2.2 billion a year, but Democrats lacked the 71 votes needed to send it to voters.
- Illinois Democrats failed Thursday to advance a proposed constitutional amendment that would have imposed an additional tax on residents earning more than $1 million annually, exposing divisions within the party over education funding.
- Proposed House Joint Resolution Constitutional Amendment 21 aimed to raise the income tax rate from 4.95% to 7.95% on earnings exceeding $1 million, but disagreements among Democrats about school funding distribution derailed the effort.
- Business groups, including the National Federation of Independent Business, registered opposition, arguing the tax would harm small business owners; Rep. Amy Elik, R-Godfrey, stated opponents do not trust Illinois government with additional revenue.
- State Rep. La Shawn Ford, the resolution's chief sponsor, said it was "really disappointing" that Democrats failed to advance the measure, while the Chicago Teachers Union expressed disappointment over lost school funding potential.
- Senate President Don Harmon told reporters last week voters "weren't quite ready" for the tax, but Speaker Welch vowed his caucus will continue working toward a refined version for future legislative consideration.
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Capitol News Illinois | Millionaire tax amendment fails to gain enough support from House Democrats
A “millionaire tax” proposal floated in the Illinois House failed to gain enough traction in Springfield this week, making it increasingly unlikely that voters will be asked to approve the measure in November.
Chicago TribuneReposted by 
Hanford Sentinel
Hanford Sentinel‘Millionaire tax’ amendment won’t be on November ballot as Illinois Democrats can’t come to agreement
The proposal called for a 3% tax individual income exceeding $1 million but it collapsed in part over Democratic concerns how the new dollars would be distributed to schools.
·Chicago, United States
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Coverage Details
Total News Sources12
Leaning Left0Leaning Right2Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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