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Illinoisians can expect to pay more in taxes next year

Illinois families can expect to pay more in state and local taxes next year according to an analysis by Illinois Policy Institute.

The expected $244 hike in state and local taxes does not even account for Illinois’ $150 increase in gas taxes and vehicle registration fees enacted by Pritzker last year.

"So long as state lawmakers refuse to consider constitutional pension and other spending reforms, Illinoisans will continuously be asked to pay more," Bryce Hill, Research Analyst for Illinois Policy, said. "The progressive tax is not about reducing taxes for the middle class; it’s about eliminating taxpayer protections from the state constitution and opening the door for a litany of new taxes."

The median Illinois family, earning about $87,771 annually, could expect to pay $106 more in state and local sales and excise taxes, plus $183 more in local property taxes – already the second-highest in the nation. The increase in state and local taxes would likely push the combined state and local tax burden above $10,600 for the median Illinois family.

With just one week until Election Day, new Illinois Policy Institute analysis shows any promised savings from Gov. J.B. Pritzker’s progressive tax would be offset by the state’s increasing property and sales taxes. Experts found the typical Illinois family can expect to pay more in state and local taxes next year even with his "fair tax." The tax relief promised by Pritzker under the progressive tax would only reduce state income taxes by $45.

Even if Illinois families are able to take advantage of expanded child and property tax credits, the increased cost of owning a vehicle in Illinois plus the state and local tax hike could ultimately raise taxes by $314 for the average family.

"While the governor claims the progressive tax amendment is the ‘fair’ option for Illinois families to provide relief, Illinois’ structural spending reveals the major flaws in his argument. Even if Pritzker’s progressive tax provides some income tax savings to the typical Illinois family, that relief will be more than offset by the state’s increasing sales and property taxes."

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