An Illinois Senate committee has approved a constitutional amendment that would change Illinois’s current flat income tax to a progressive structure… where people who make more would pay a higher rate.
Supporters call it the “Fair Tax,” and say it would transfer more of the state’s tax burden to those who are better able to handle it.
But opponents say it will drive more job creators… and jobs… out of Illinois. Passage comes just days after a House committee rejected a similar amendment.
The amendment would have to win supermajorities in both chambers in order to be placed on the November ballot.