Illinois is now rated as the least credit-worthy state in the nation. It seems increasingly likely that some form of state tax reform must be a part of any plan to address the state’s long-term fiscal woes. But what type of reform? With the temporary income tax increase that raised the state income tax for individuals to 5 percent from 3.75 percent set to expire in 2015, some legislators and activists are calling for a change to Illinois’ constitution to permit a progressive or graduated tax. State Rep. David McSweeney and State Rep. Christian Mitchell debate the merits of a progressive vs. a flat tax.
On Friday, Feb. 28, McSweeney and Mitchell will be having an extended debate on the merits of a progressive vs. a flat tax, hosted by Reboot Illinois, at the Union League Club of Chicago at 65 W. Jackson Blvd from 7:30 am to 9:00 am. To register for the event, click here.
View an infographic from Reboot Illinois for a nationwide overview: