BREAKING NEWS: Illinois FAIR TAX Amendment Rejected By Voters Angering Pritzker
JB Pritzker’s Illinois FAIR TAX Amendment Rejected By Voters after November 3rd election.
First-term Governor JB Pritzker has been lobbying for changing Illinois’ flat tax to a progressive tax system The 5’5″ 500 pound Pritzker is the richest governor in the nation. He spent over $171 million of his own money to fund the 2018 governor’s race eventually winning. He is a newcomer to politics. He has tried numerous times to enter politics but to no success. He was a politician wannabe and always had dreams of being in an high-level government position or elected to office. In 1998, JB Pritzker spend over $500,000 of his own money to win a Congressional seat but was beaten. In 2008, Pritzker was caught in an undercover FBI wiretap with former Illinois Governor Rod Blagojevich discussing getting an appointment by Blagojevich either to replace newly elected President Barack Hussein Obama’s Senate seat or getting appointed as Illinois State Treasurer. Nothing came from the FBI wiretap and Pritzker did not get any of those positions. JB Pritzker got his fellow Democrats in the state legislature to agree with him in proceeding to change the flat tax to a progressive tax system. However, in order to change the state’s flat tax to a progressive tax system, 60% of the voters needed to vote YES in November 3rd’s election. Pritzker lobbied hard to promote his FAIR TAX. JB Pritzker called his progressive tax proposal the FAIR TAX. The 5’5″ 500-pound obese JB Pritzker even pumped more than $56.5 million of his own money to promote his FAIR TAX. In this article, Capital Lending Network, Inc. will discuss and cover Illinois FAIR TAX Amendment Rejected By Voters Angering Pritzker.
Illinois FAIR TAX Amendment Rejected By Voters: What Is Pritzker’s FAIR TAX
With the state’s flat tax, everyone pays the same tax rate of 4.9%. Whether you are poor, middle class, upper-middle class, or wealthy, all taxpayers have a flat tax rate of 4.9%. However, with Pritzker’s FAIR TAX proposal, the more money you make, the more taxes you pay. Pritzker claimed that 97% of Illinoisans will not pay higher taxes with his FAIR TAX proposal. This was not true. Changing the flat tax to the FAIR TAX would be a bad deal for middle-class taxpayers and could open up taxing retirement income. The last state to change the flat tax to a progressive tax system was Connecticut in 1998. The change proved to be disastrous and middle-class taxpayers ended up paying more taxes. The bottom line with Pritzker was his intention was to increase taxes during the worst time for Illinoisans. Due to the coronavirus pandemic, small business owners were hurting and on the verge of closing their doors permanently. Illinois had the highest unemployment rate in the nation due to Pritzker’s extended executive stay-at-home orders. As time passed, Governor JB Pritzker ranked as one of the most unpopular governors in the nation.
Illinois FAIR TAX Amendment Rejected By Voters: Pritzker Threatens Critics And Taxpayers
The FAIR TAX was JB Pritzker’s baby. He has been lobbying changing the state’s flat tax to his FAIR TAX amendment since he took office.
Despite what experts warned about the dangers of a progressive tax system, Pritzker did not listen. He even spend over $56.5 million of his own money for ads promoting the FAIR TAX. After voters rejected his FAIR TAX amendment proposal on November 3rd, 2020, an angered JB Pritzker laid out a plan on the steps the state will need to take from the loss of no longer being able to count on a progressive tax system. Pritzker was counting on the $3.8 billion dollars in tax revenues changing the current flat tax to a progressive tax will bring. On Wednesday’s press conference, the angry heavyset governor lashed at his opponents of the FAIR TAX and blamed them for false propaganda about his FAIR TAX. Due to voters not voting for his prized FAIR TAX, Pritzker threatened Illinoisans will suffer and many workers need to be permanently laid off. Pritzker said the state budget will need to be cut 15% or more across the board. He said Illinois will have less police protections because he has no other choice but to lay off 15% of the rank and file of troopers from the Illinois State Police. The governor said he will have no other choice but to lay off over 15% of state workers as well as trim spending in all state departments. Wait a minute!!! Isn’t it the way that it should be done. Live within your means. Do not spend more money than what you take in.
JB Pritzker raised and/or created new taxes since taking office. He even doubled the state’s gas tax. However, he kept on spending money the state did not have. He approved pay raises for state lawmakers, hired over 35 patronage workers recommended by Speaker of the House Michael J. Madigan, and approved a $225 million raise to high level state workers. No wonder the state is broke.
JB Pritzker Lays Out Plans On How Taxpayers Will Suffer Because Of The FAIR TAX Not Getting Approved
Not getting the FAIR TAX Amendment passed is a major blow for the first term Illinois governor. You can obviously see the anger of the heavyset governor. The dumb part out of all this is Pritzker already counted on the $3.8 billion changing the current flat tax to a progressive tax system in his budget and now he needed to restructure his state budget.
JB Pritzker said the following during Wednesday’s press conference:
There will be cuts, and they will be painful. And the worst thing is the same billionaires who lied about the fair tax are more than happy to hurt our public schools, shake the foundations of our cities, and to diminish our state, maybe because they think it won’t hurt them. I have said it before and will say it again that across-the-board tax increases would potentially be on the horizon if the “Fair Tax Amendment” failed. Be ready for that because it will be a possibility. What I’m focused on is the long-term fiscal health of the state. We have to address this. It’s the most important thing we can do, to stabilize our state. We’re going to have to look at deep and painful cuts because of what the billionaires and special interests have done to our state. My administration made several moves to try to make in-roads in paying down the state’s debt, including the repayment of more than $1 billion in late bills over my first year in office. Under my leadership, we have also reduced late payment penalties by $850 million a year. We’ve been reducing waste and inefficiency from day one, because the problem of the state’s finances has to be addressed from every angle. The budget cuts aren’t my preferred method of dealing with the state’s budget woes. However, the removal of a progressive tax from my list of options could end up leading in that direction. Illinois has had the lowest percentage of state funding for education in the nation, increasing the gaps between schools in low-wealth, high poverty areas and those with abundant resources. And local school districts raised property taxes to make up for the state’s failure. I’m going to continue to fight for working families. I’m going to make sure that we pay the pensions that are owed to people, and I will stand four-square against any tax on retirement. We will get through all of this together, and when you feel yourself losing a bit of hope, I’m always here to offer you some of mine. I know the strong character of this state and its people, and for two centuries, it’s something we’ve always been able to count on, through thick and thin.
JB Pritzker’s popularity is going downhill fast. Pritzker is now two years into his first term. His handling of the coronavirus outbreak is destroying Illinois businesses. Illinois was the first state to shut down and one of the last states to reopen. However, due to Pritzker’s extensions of his executive stay-at-home orders, the state was only running with severe restrictions. Due to the surge in coronavirus positive cases, Pritzker has shut down indoor dining at restaurants, bars, and cafes effective October 30th, 2020. Nobody can figure what JB Pritzker is thinking. It is no secret JB Pritzker has high ambitions of becoming president one day. Is he trying to make a name of himself nationally? Is he planning in being the Democratic nominee for the 2024 Presidential ticket? From the looks of things, it seems JB Pritzker will only be a one-term governor. Not too many people are happy with his first term as governor of Illinois.