August 25, 2020
Quincy Area Chamber of Commerce Board of Directors opposes Progressive Income Tax
The Quincy Area Chamber of Commerce Board of Directors continues to advocate for our businesses. We want to ensure that we are on the front line being a voice for our businesses.
The Progressive Income Tax will be on the ballot in November 2020. The Board of Directors of the Chamber of Commerce opposes a Constitutional amendment put on the ballot by the state legislature and governor that would drastically change the structure of state income taxes in Illinois. We believe the proposal to institute a graduated income tax will be a hardship for the people of Illinois who are already struggling under some of the highest state and local taxes in the nation.
Amending the Illinois Constitution to permit a graduated income tax is the wrong signal to send if Illinois wants to grow jobs, attract businesses, expand current markets, and see its citizens prosper. Individual income tax rates are just as important to business activity as corporate rates. Proposals to raise income taxes on high-income individuals falls heavily on Illinois’ non-corporate businesses.
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