spot_imgspot_img

VIDEO: Chicagoland Black Chamber of Commerce opposes millionaire surcharge proposal

spot_img

(The Center Square) – With most of the dust settling after last week’s election, a battle is brewing over what could be a constitutional amendment on the next statewide ballot in 2026.

Voters approved the nonbinding question of whether those who make more than $1 million should pay an additional 3% surcharge to fund property tax relief. The question was approved with 60% of the vote.

Former Gov. Pat Quinn supports the idea. Tuesday, he said it’s time to get the constitutional question ready for the next statewide ballot in 2026.

“Early to bed, early to rise, work like hell and organize for property tax relief,” Quinn said during a news conference at the Illinois Capitol Tuesday at the start of veto session.

Senate Minority Leader John Curran, R-Downers Grove, said if such a question were to be binding, there’d be a different outcome.

“It’s great to get feedback from the public. That’s fantastic. But likely a different result when you put campaign and education behind it,” Curran said at a separate news conference.

Chicagoland Black Chamber of Commerce Chairman Cornel Darden Jr. said such an idea is harmful, anti-capitalist and would hurt those who are successful. He said there needs to be real reform to the state’s property tax system. He even suggested people stop paying property taxes.

“We need to send a shockwave and make sure that it lights a fire under the General Assembly to actually come up with a common sense solution,” Darden said at a separate news conference in Springfield. “And if you can’t come up with one, then just shut it down.”

To the idea the millionaires surcharge wouldn’t do anything to reform the state’s system, which is among the most expensive in the country, Quinn said that can come later.

“Other reforms I think are very important, but we’re not going to wait on them,” Quinn said.

Any such question for the ballot must be approved by a supermajority of the Illinois Legislature.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Georgia Appeals Court Cancels Arguments in Trump Election Interference Case Appeal

According to the Associated Press, a Georgia appeals court...

5th Circuit upholds block of Ten Commandments law

(The Center Square) — Louisiana's plan to mandate the...

Illinois quick hits: Illinois pension liability 2nd worst in U.S.

Illinois pension liability 2nd worst in U.S. ...

Georgia poised to gain first national park and preserve

(The Center Square) – Georgia is one step closer...

Arizona job growth ‘slower,’ still better than other states

(The Center Square) – Arizona continues to fare better...

Louisiana’s school performance scores increase for third consecutive year

(The Center Square) — Data released on Wednesday from...

Poll: Majority of Americans support Trump’s plan to declare emergency at border

(The Center Square) – A majority of Americans support...

More like this
Related

Georgia Appeals Court Cancels Arguments in Trump Election Interference Case Appeal

According to the Associated Press, a Georgia appeals court...

Court schedule set for Washington parents charged in attempted ‘honor killing’

(The Center Square) – Two Lacey parents accused in...

5th Circuit upholds block of Ten Commandments law

(The Center Square) — Louisiana's plan to mandate the...

Illinois quick hits: Illinois pension liability 2nd worst in U.S.

Illinois pension liability 2nd worst in U.S. ...