Weekend Edition | Illinois Dems eye $7B from new tax proposals, push ‘Billionaire Wealth Tax’

(The Center Square) – New tax proposals being considered in Springfield could bring nearly $7 billion in revenue to the state, according to advocates. Critics say the proposals – which would change corporate tax rules, among other impactful tax changes – could drive capital and jobs out of the state. The Illinois Revenue Alliance and Democrat lawmakers on Wednesday discussed initiatives they want passed to increase revenue, which they say would address gaps in the state budget created in-part by federal funding cuts. Backers said new revenue could be raised without increasing taxes for everyday Illinoisans. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.