Mayoral challenger Brandon Johnson unveils tax plan

Johnson’s plan includes a 3.5% city income tax on Chicagoans and suburbanites earning more than $100,000 a year; a financial transaction tax; and a 66% increase in the city’s hotel tax, which is already the highest in the country.

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bagelman4000
bagelman4000
232 · 8 days ago · Reddit

We shouldn't be making it more expensive for anyone to take transit, high income or otherwise

jbchi
jbchi
220 · 8 days ago · Reddit

It includes a 3.5% city income tax on Chicagoans and suburbanites earning more than $100,000 a year; a financial transaction tax; a 66% increase in the city’s hotel tax, which is already the highest in the country; a revived employee head tax; and raising the real estate transfer tax on high-end home sales.

A great way to stick it to our struggling hospitality industry, convince more financial firms to leave the city, discourage hiring in the city, and hit middle income families.

AnotherPint
AnotherPint
128 · 8 days ago · Reddit

This is a political suicide note. You wouldn’t be able to enact half of this in a super strong economy. But between a pandemic and a recession? Jesus Christ. Say good night, Brandon.

CoachWildo
CoachWildo
121 · 8 days ago · Reddit

here is a link to the actual plan: https://uploads-ssl.webflow.com/​6359b915f5fc483245c71955/​63ceb16f50f64e58db72020a_Brandon%20for%20Chicago_Better%20Chicago%20Agenda.pdf

upon further review, I don't actually see the 3% tax on $100k+ in this document

ThisIsPaulina
ThisIsPaulina
113 · 8 days ago · Reddit

The CBOE will move their trading floor if a financial transaction tax is passed. This isn't a bluff. They have very little tying the trading floor to Chicagoland, let alone Chicago proper.

cleon42
cleon42
108 · 8 days ago · Reddit

I'm not sure how he plans to tax people who don't live in the City of Chicago.

rockit454
rockit454
85 · 8 days ago · Reddit

Oh man. Just a few of the wild ideas he’s got:

-$4 per employee head tax. That will really bring in the employers who are already more than willing to go mostly remote. I can just see employers moving their shell offices to the “tax havens” of DuPage and Will Counties now.

-3.5% City income tax on Chicagoans and suburbanites earning over $100,000/​year. Great way to drive high earners who already pay a lot of taxes in the form of sales taxes, food and bev taxes, property taxes, etc. into the arms of the suburbs and states like Florida, Texas, and Arizona.

-Increasing hotel tax by 66%. This will be the final nail in the convention industry.

-Somehow wants to extort $98M out of airlines. Nice airports and direct air service you’ve got there. Shame if something happened to it! Edit: he wants to raise the jet fuel tax to raise $98M. Guess who is gonna pay that…HINT HINT it’s not the airlines…it’s you sucka!

-I’ve also heard rumors of a Metra tax. I’m assuming he wants to tax every suburbanite who enters the city of Chicago. Dude clearly has a bone to pick with suburbanites…ya know the ones who contribute tax dollars to the city coffers without relying much on city services?

Lori and Chuy have to be loving this progressive fever dream today.

DaisyCutter312
DaisyCutter312
69 · 8 days ago · Reddit

I see he's decided to go with the CTU-style plan...."That money exists? I can take that"

jhicks79
jhicks79
67 · 8 days ago · Reddit

We need congestion taxes for downtown and not on public transportation. Penalize those who drove in from the burbs,

Don’t dare sell our fucking water.

People making $100k are not wealthy.

Emotional_Display966
Emotional_Display966
56 · 8 days ago · Reddit

The city tax is enough for me to remove him from my List, thanks for removing yourself. NEXT!!

CHICAGOSTYLE23
CHICAGOSTYLE23
49 · 8 days ago · Reddit

Is this guy living in the 90’s? $100k isn’t even upper middle class. Taxing $300-$500k sure, that makes sense but $100k isn’t shit considering housing costs and property taxes. Madness.

I’d propose a progressive tiered tax, something like 1% starting at $250k or $300k, then 2% at maybe $6/​700k, 3% at $1mm, then maybe hit the big dogs at $3/​4mm + at 4%.

Or just wack big $$$ property taxes and low it on everyone else. Property taxes in IL are absurd compared to just about everywhere else with the exception of NJ.

Fuzzy_Macaron_9412
Fuzzy_Macaron_9412
45 · 8 days ago · Reddit

As someone who will be directly impacted by the income tax, NO THANKS.

I pay my fair share already. The local, state, and federal government need to stop pissing our money away on bullshit.

I can and will move if this clown is voted in.

I can move. Does he want me to move?

higmy6
higmy6
36 · 8 days ago · Reddit

Buckner was definitely the better of the two progressive candidates, it’s a much better plan to tax more people than to tax people more. Chicago needs to focus on actually growing. But seeing as he doesn’t have a shot at beating out Johnson I really don’t know who to vote for.

Lori is…Lori. Willie is just here on to complete his bucket list, I don’t have confidence that Vallas will continue with the current planning department initiatives that have been the only highlight of Loris time among other issues with him, Greene doesn’t have a shot, the other lady doesn’t have the best reputation towards her voters, and Chuy has a horrible track record in regards to transportation which means I and all the other CTA rider will probably only see things get worse

Ladybug624
Ladybug624
30 · 8 days ago · Reddit

This guy is a total CTU shill and his campaign is backed and financed by the Chicago Teachers Union. We all saw the havoc they wreaked during the pandemic and the resulting learning loss to the city’s most vulnerable children. This is another power grab by the CTU.

http://www.substancenews.net/​articles.php?section=Article&page=7957

CityHallGuy
CityHallGuy
30 · 8 days ago · Reddit

So, more/​new taxes on those that pay the freight.

That's how "Brandon for Chicago" is gonna "grow business", as his commercials say?

blackpilledanon1
blackpilledanon1
18 · 8 days ago · Reddit

Of course progressives support higher taxes until those taxes hit themselves.

Amazing_Breadfruit97
Amazing_Breadfruit97
17 · 8 days ago · Reddit

Serious question, are there any adults running for mayor? Vallas and maybe Garcia seem like the closest thing and both are still flawed. Between Lori literally quivering in fear during the last debate, Willie Wilson's incoherant ramblings and this pipedream of a "plan" it's embarassing that the quality of candidate in America's third largest city is this low...

Svicious22
Svicious22
16 · 8 days ago · Reddit

At least this clown has zero chance of being elected.

ColdTaeks
ColdTaeks
15 · 8 days ago · Reddit

Watch him raise the city income tax threshold to around $141k so the highest earning Aldermen aren't affected. I would ironically respect him if he did that. But yeah, these tax plans are political suicide.

Dagonet_the_Motley
Dagonet_the_Motley
14 · 8 days ago · Reddit

While a full audit is likely to discover even more efficiencies across the government, as mayor, Brandon Johnson will save over half a billion dollars with the efficiencies found in a full-scale audit of Lightfoot’s inefficient spending. Just for starters, repeated studies have found that cutting top-heavy administration to achieve the nationally recommended 10:1 worker to supervisor ratio would save the City roughly $150 million while cutting red tape. We could save another $20 million a year in IT costs alone.

Sounds like mass layoffs.

NeuteredPinkHostel
NeuteredPinkHostel
9 · 8 days ago · Reddit

So out of the box he wants to raise taxes in a city that already pays among the highest taxes in the country. There could be some unintended consequences that may cause more problems than that solves, such as more corporate HQs leaving, less suburban spending in the city, etc. The golden goose has been beat up enough in the last 3 years, might want to look at running the city responsibly instead.

jrbattin
jrbattin
8 · 8 days ago · Reddit

Johnson doing that thing you're supposed to do and pay for the stuff you want.

glitch241
glitch241
7 · 8 days ago · Reddit

He would be a disaster for the city. Totally living on mars. Not a business bone in his body. Crime apologist.

bgomers
bgomers
6 · 8 days ago · Reddit

honestly I like how much he is focused on transit, but as a suburbanite, this isn't great: "A Metra City Surcharge will raise $40 million from the suburbs." so my $11.75 metra ticket and parking is gonna go up??? my back of the napkin math, 260 working days a year, means $153k more revenue needed a day divided by 290k passengers on metra a day, = the avg fare going up $0.53. oh. thats not bad at all, they should have just said that. We need more candidates focused on improving transit for all. I'd even be ok with metra somehow subsidizing CTA since I hear CTA isn't doing great these days.

Temple77
Temple77
6 · 8 days ago · Reddit

This sounds good but is mostly BS.

"Funneling $100 million per year from tax increment financing surpluses into the corporate fund that essentially serves as the city’s checking account."

City tax payers paid 1.2 billion dollars into TIFs in 2021. Now while not all of that comes from the City's general fund, eliminating or greatly reducing TIF would put much more money into the City's and CPS pocket for investment into new programs and paying down debt. But no Mayor wants to get rid of their slush fund at the end of the day.

Awesomeade
Awesomeade
5 · 8 days ago · Reddit

It frustrates me how little attention the assessor's office gets when it comes to revenue generation.

There's a collection of three parcels near me (undeveloped land right by an El stop in South Loop) that sold for $3.5M in 2019, but is valued at $700K for tax purposes. That's 1/​5 the revenue it should be generating today, and far far less than if it had even a modest, mixed-use 3-story apartment.

And all this does, is ensure the surrounding neighborhood stagnates, that stretch of sidewalk is never shoveled in the winter, nearby home values are depressed, and some wealthy speculator gets a big tax break on his real-estate investment.

These vacant lots are an enormous problem on the south side, and I suspect the story of under-valuation (read: under-taxation) of the lot by me is repeated all over the city. As it stands, there's a huge tax incentive to keep un/​underdeveloped land the way it is, and the only people who benefit are wealthy (and likely non-local) speculators and LLCs.

It seems like a political no-brainer to seek revenue by undoing this perverse incentive, and I'm honestly kind of baffled none of the candidates are making this a core part of their platform.

blaspheminCapn
blaspheminCapn
5 · 8 days ago · Reddit

Clearly he doesn't know that you release your Tax Increase Plan AFTER you get elected. Not before.

Otherwise, you'll never get elected.