Illinois

TexasTowelie

(128,150 posts) Mon Oct 19, 2020, 03:38 AM Oct 2020

It's not just Illinois billionaires in 'fair' tax fight. Here's who wants to sway your vote.

Chicago entrepreneur Erik Severinghaus is among the 3% of Illinoisans wealthy enough that he'll have to pay more next year under a graduated income tax if voters approve a change to the state constitution on Nov. 3.

But Severinghaus said paying more isn't his problem with what supporters call the "fair tax," which would allow lawmakers to scrap Illinois' existing flat-rate system and tax Illinoisans who earn more than $250,000 annually at a higher rate.

The reason he donated $1,000 to a campaign opposing the constitutional amendment is that he doesn't trust Springfield legislators to spend the extra revenue — estimated at $1.2 billion over the first six months — wisely.

"I am all for paying my fair share. I don't actually have a philosophical problem with it," Severinghaus said.

Read more: https://www.pantagraph.com/news/state-and-regional/govt-and-politics/its-not-just-illinois-billionaires-in-fair-tax-fight-heres-who-wants-to-sway-your/article_86bc0892-26a4-5f54-9199-e08d77a28b88.html
(Bloomington Pantagraph)

7 replies

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Highlight:

It's not just Illinois billionaires in 'fair' tax fight. Here's who wants to sway your vote. (Original Post) TexasTowelie Oct 2020 OP

One needn't be a billionaire to be selfish and greedy.. whathehell Oct 2020 #1

Or help elect people he would trust Sherman A1 Oct 2020 #2

Yes, that's true whathehell Oct 2020 #3

How is this amendment polling? dixiechiken1 Oct 2020 #4

From NPR On October 9 ProfessorGAC Oct 2020 #6

Thank you! dixiechiken1 Oct 2020 #7

Not sure how it's polling. bamagal62 Oct 2020 #5

whathehell

(30,547 posts)

1. One needn't be a billionaire to be selfish and greedy..

Reply to TexasTowelie (Original post)

Mon Oct 19, 2020, 04:43 AM

Oct 2020

If he doesn't trust Springfield to spend his tax money "wisely", he needs to move or run for office.

Sherman A1

(38,958 posts)

2. Or help elect people he would trust

Reply to whathehell (Reply #1)

Mon Oct 19, 2020, 05:13 AM

Oct 2020

The rich need to pay more, they have gotten the majority of the benefits the last 40 years. Time to buck up.

whathehell

(30,547 posts)

3. Yes, that's true

Reply to Sherman A1 (Reply #2)

Mon Oct 19, 2020, 05:25 AM

Oct 2020

and the rich certainly need to start paying their fair share of taxes -- It's long overdue.

dixiechiken1

(2,113 posts)

4. How is this amendment polling?

Reply to TexasTowelie (Original post)

Mon Oct 19, 2020, 07:00 AM

Oct 2020

I think it's a good idea and long overdue. But I haven't seen any polling to know the general consensus, though.

ProfessorGAC

(77,290 posts)

6. From NPR On October 9

Reply to dixiechiken1 (Reply #4)

Mon Oct 19, 2020, 06:23 PM

Oct 2020

The survey says 67 percent of registered Illinois voters support a graduated income tax. That’s where people who earn more money pay a higher tax rate, and people who earn less pay a lower rate.

Here's the link.
https://www.nprillinois.org/post/survey-shows-significant-support-graduated-income-tax#stream/0

dixiechiken1

(2,113 posts)

7. Thank you!

Reply to ProfessorGAC (Reply #6)

Mon Oct 19, 2020, 07:54 PM

Oct 2020

Hubby & I will be voting yes on Nov 3rd. Hope it passes.

bamagal62

(4,557 posts)

5. Not sure how it's polling.

Reply to TexasTowelie (Original post)

Mon Oct 19, 2020, 08:22 AM

Oct 2020

But, my husband and I both voted “yes” for it yesterday!

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