Illinois Democrats Propose New Taxes to Fund Transit Amid Skepticism
TL;DR Summary
Illinois Democrats propose a groundbreaking $1.5 billion transit funding plan that includes a first-in-the-world wealth tax on billionaires based on unrealized capital gains, along with new taxes on streaming services and concert tickets, but the plan faces opposition and concerns about its impact on investment and growth.
- Illinois House Democrats push first-in-the-world wealth tax, streaming, concert taxes in $1.5 billion tax hike Illinois Policy
- Today’s Headlines for Wednesday, October 29 Streetsblog Chicago
- Illinois lawmakers could take up RTA funding bill in veto session in Springfield as transit agency faces fiscal cliff ABC7 Chicago
- Illinois House Democrats float taxes on streaming services, billionaires to fund Chicago-area transit reform Chicago Sun-Times
- Gov. JB Pritzker skeptical about House Democrats’ tax and fee plans to address public transit Chicago Tribune
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
88%
405 → 47 words
Want the full story? Read the original article
Read on Illinois Policy