All articles tagged with #corporate head tax
Chicago faces a budget deadlock as Mayor Johnson and alderpersons remain at an impasse over the corporate head tax and other proposals, with the deadline approaching and the threat of a government shutdown looming.
Mayor Brandon Johnson proposes a $16.6 billion budget for 2026, featuring increased taxes on corporations, social media companies, and cloud computing to address a budget shortfall and fund community safety programs, while facing opposition from business leaders and concerns about economic impact.