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Fair Tax Bill Introduced

On Friday, Representative Lou Lang introduced a fair tax rate structure (House Bill 689), which would provide over 99% of income taxpayers with a tax cut while raising $1.9 billion to prevent more harmful budget cuts. The fact sheet below shows the tax change for different families structures at various income levels.

Currently, Illinois is one of only a handful of states that has a constitutionally mandated flat income tax rate, which contributes to Illinois having one of the most unfair tax systems in the country — with low-income households paying a much larger share of their income in state and local taxes than high-income households.

For Rep. Lang’s structure to take effect, the General Assembly would first also need to put a constitutional amendment on November’s ballot, which would then need to be passed by voters. By joining the 34 other states that have a fair tax, Illinois can improve tax fairness and raise revenue to support critical services, all while cutting taxes for the vast majority of Illinois taxpayers.

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