Democrats’ Graduated “Fair Tax” Plan Cuts Taxes on 99% of Illinoisans

A few examples of how the change would affect Illinois families, courtesy of the Fiscal Policy Center. Click for a larger view.
Maybe you saw some headlines in the last few days about the plan from State Representative Lou Lang (D-Skokie) to switch from our current flat state income tax to a graduated (aka “progressive”) “Fair Tax” plan. You probably didn’t see that the plan would constitute a tax cut for 99% of us, while raising an additional $1.9 billion of revenue for our hard-pressed state.
Here are a few pieces from Capitol Fax with details. You have to love the Pavlovian response from the Rauner people (“The straw that breaks…”):
Unsurprisingly, the papers heard that it was a cut for 99% of folks and promptly wrote stories about the few folks who would pay more. Now, how do you think a reading public trained to be cynical will read those stories? The Trib of course made it a “Madigan!” thing, too:
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