The move by Griffin sets up a battle among billionaires over the fate of the proposed tax amendment with Pritzker, who is an heir to the
Pritzker already has pumped
Griffin contributed the
Prior to Griffin’s contribution, which was reported on Thursday, the anti-amendment coalition had received
Both the pro- and anti-amendment forces are on the airwaves across the state. It is expected to be the most expensive ballot proposition debate in
Illinois’ constitution currently mandates a flat-rate income tax, which now carries a personal rate of 4.95%. Pritzker and
A law adopted if voters ratify the proposed constitutional amendment would increase taxes on those making more than
But opponents contend that the graduated tax would unfairly hit businesses and business people who pay taxes through personal income tax rates. They also contend that higher tax rates eventually would creep down into lower tax brackets.
Sign up for The Spin to get the top stories in politics delivered to your inbox weekday afternoons.
Pritzker has said he believes
But opponents point to a history of fiscal mismanagement, including the nation’s worst underfunded public employee pension system, in asking voters whether they trust
That question has been exacerbated by issues surrounding veteran Democratic House Speaker
The state’s largest utility has agreed to pay a
Madigan has not been charged with any wrongdoing and has denied ever making a legislative decision with improper motives.
(c)2020 the Chicago Tribune
Visit the Chicago Tribune at www.chicagotribune.com
Distributed by Tribune Content Agency, LLC.