The Daily Line Editor Heather Cherone explains the graduated income tax

Pinch Hitters

Gov. J.B. Pritzker outlines his plan to replace Illinois’ flat-rate income tax with a graduated structure with rates ranging from 4.75 percent to 7.95 percent, depending on income, at a state Capitol news conference on Thursday, March 7, 2019 in Springfield. The Democrat says his plan would generate $3.4 billion in additional revenue, make the wealthy pay more, and would keep tax bills the same or make them lower for 97 percent of filers. Only six states have flat-rate income taxes. (AP Photo/John O’Connor)

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The Daily Line Editor Heather Cherone describes what she calls the first step in a “long, complicated process” to impose a graduated income tax on Illinois residents. Plus, Heather shares how much these taxes will help to pay for the pension debt and more.

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