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Isabel’s morning briefing

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* Here’s your morning roundup…

posted by Isabel Miller
Tuesday, Jan 24, 23 @ 8:11 am

Comments

  1. Brandon Johnson had pretty much zero chance of winning anyhow, but his tax ideas are right out of the CTU playbook. Tax the suburbs for their “fair share”? Huh? Have a $4/per head tax for large Chicago companies? Ask the airlines for $100M for air pollution? A Securities tax?

    Ain’t gonna happen, dude.

    Comment by Old IL Dude Tuesday, Jan 24, 23 @ 8:23 am

  2. The wealth tax’ idea is being pushed in quite a few States.

    The Illinois proposals, as some have noted, are going to run into the flat tax State Constitution clause. Will be quite an uphill battle in Illinois.

    Comment by RNUG Tuesday, Jan 24, 23 @ 8:39 am

  3. == The law offices of Tom DeVore, a Bailey ally and former Attorney General candidate, say around 1,500 residents have signed on to the second suit. ==

    I wonder how much the grifter charges these days to file procedural law suits.

    Comment by H-W Tuesday, Jan 24, 23 @ 8:51 am

  4. @RNUG

    The tax that Johnson is proposing is a wealth tax, not an income tax. How would it run afoul of the flat tax clause of the state constitution?

    Comment by Techie Tuesday, Jan 24, 23 @ 9:00 am

  5. Article I read stated DeVore is charging $200.00/client.

    Comment by Papa2008 Tuesday, Jan 24, 23 @ 9:09 am

  6. Brandon Johnson’s bold progressive agenda probably doesn’t have the votes right now but who knows in the future? Johnson’s financial transactions tax probably can’t be achieved since the CME would move their server to Texas. But Brandon can dream. The commuter tax is a real hoot. With companies struggling to get workers back in the office Brandon/CTU thinks that Chicago is the only place to do business. Brandon proves that Democratic socialists have a seat at the table.

    Comment by Steve Tuesday, Jan 24, 23 @ 9:21 am

  7. Johnson must have the need to be number one. He wants to raise the hotel tax to about 28%, which will make Chicago the highest by about 10%. I wonder what this will do to tourists over time?

    Comment by No relation Tuesday, Jan 24, 23 @ 9:35 am

  8. Sounds like Brandon Johnson has the bold ideas to provide the final kill shots for metra and the Loop.
    It’s no biggie, nobody from the neighborhoods makes their living in the Loop right?

    Comment by Larry Bowa Jr. Tuesday, Jan 24, 23 @ 9:43 am

  9. I think the constitution prohibits taxes on personal property, and that is what a wealth tax is. You pay a percentage of the value of an asset held personally…

    Comment by Captain Obvious Tuesday, Jan 24, 23 @ 9:59 am

  10. Has Brandon/CTU considered what happens if the suburbs start taxing Chicago residents who work in the suburbs?

    Comment by Steve Tuesday, Jan 24, 23 @ 10:05 am

  11. Mayor Lightfoot sounding more desperate all the time. Seriously. Its not a good look.

    Comment by low level Tuesday, Jan 24, 23 @ 10:40 am

  12. Brandon Johnson is squandering a good opportunity. He’s pandering too much to his union base and not thinking about what usually is the constituency of teacher related political organizing….parents of kids. Go for those parents by relating to their kids in a soft way and you get them. He is disappointing me, and I’m glad for that, as I don’t think he would make a good mayor. but it is interesting.

    Comment by Amalia Tuesday, Jan 24, 23 @ 11:30 am

  13. = His plan includes a Metra “city surcharge” to raise $40 million from the suburbs.=

    This will not help Chicago. The suburbs will simply engage in punitive taxation as a response. Do better.

    =Brandon proves that Democratic socialists have a seat at the table.=

    Why not? The closeted socialists like Darren Bailey and the Miller’s certainly have their voice.

    Comment by JS Mill Tuesday, Jan 24, 23 @ 12:38 pm

  14. I don’t know how wealth taxes work. With that caveat, not sure out of State of Illinois real estate can be taxed by Illinois.

    Is this a serious proposal, or just playing to a base?

    Comment by BCOSEC Tuesday, Jan 24, 23 @ 1:19 pm

  15. Captain Obvious is correct. Article IX, Section 5 of the constitution prohibits personal property taxes. Depending on the language of the proposal, the “wealth tax” will either be an unconstitutional second income tax - which is forbidden by the constitution - because it taxes increases in the value of assets “income”, or because it imposes a tax on the increase in value of tangible and intangible assets, a tax on personal property.

    Comment by Facts Matter Tuesday, Jan 24, 23 @ 1:31 pm

  16. This tax the “Rich” proposal is DOA.

    Comment by Shytown Tuesday, Jan 24, 23 @ 4:38 pm

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