Illinois State Senate District 5 issued the following announcement on May 1.
State Senator Patricia Van Pelt (D-Chicago) voted on several pieces of legislation today that would update Illinois’ outdated tax structure and allow the state to implement a fair tax.
“For decades, our tax code has been rigged to give the richest Illinoisans a pass while placing our state's financial burden unfairly on working and middle-class families,” Van Pelt said. “Today, I voted to change that by supporting a fair tax.”
Van Pelt voted in favor of a constitutional amendment that would delete language prohibiting a fair tax and allow Illinois to tax lower incomes at lower rates and higher incomes at higher rates.
“I believe that millionaires and billionaires should pay their fair share, and that working-class families deserve a break,” Van Pelt said. “A bus driver should not pay the same taxes as a hedge fund manager, but that's what's happening under our current law. A fair tax will change that by requiring Illinois' wealthiest residents to pay more, while providing tax relief for 97 percent of Illinoisans.”
If the amendment passes the Illinois House with a three-fifths majority vote, it will be placed on the November 2020 ballot. If 60 percent of those voting on the question vote “yes,” the Constitution will be amended.
Van Pelt also voted to approve Senate Bill 687, which sets rates for a fair tax, providing the constitutional amendment is approved.
Under the legislation, 97 percent of taxpayers would see either no change or a decrease in their tax rate. Only the top 3 percent of earners would pay more.
Senate Joint Resolution Constitutional Amendment 1 and Senate Bill 687 passed the Senate today and now head to the House for consideration.
Original source can be found here.
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