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

Illinois Dems eye $7B from new tax proposals, push ‘Billionaire Wealth Tax’ – Center Square

Other tax proposals by Democrats include an attempt to close loopholes allowing corporations to shift in-state profits offshore to avoid taxes, and a 10 percent tax on digital advertisers earning over $150 million a year.

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

Collins fights for fair tax codes alongside Illinois Revenue Alliance

SPRINGFIELD – State Senator Lakesia Collins joined the Illinois Revenue Alliance on Wednesday to highlight a plan to address the impact of federal tax cuts and corporate loopholes that primarily benefit the ultra-wealthy. “The federal government expects Illinois to automatically adapt our tax codes to match new changes in theirs that benefit the wealthiest 1% of Americans,” said Collins (D-Chicago). “We refuse to sit by while the very wealthy – …