Pros And Cons Of Chicago’s Proposed Corporate Head Tax

Chicago faces a $1.15 billion deficit. To raise revenue, Mayor Johnson proposed a corporate head tax that would charge companies with 100 or more employees – who spend 50% of their time in Chicago – $21 per employee per month. This would raise an estimated $100 million annually and would be used to fund community safety and violence interruption. But some business leaders say it’s a “job killer.” In the Loop speaks with Ralph Martire, executive director of the Center for Tax and Budget Accountability, Julie Dworkin, co-executive director of the Institute for the Public Good and Sam Toia, president and CEO of the Illinois Restaurant Association for different viewpoints on the corporate head tax. For a full archive of In the Loop interviews, head over to wbez.org/intheloop.