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Kane County Reporter

Saturday, September 28, 2024

Pritzker signs bill enacting $750 million tax increase

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State Representative Dan Ugaste (IL) | Representative Dan Ugaste (R) 65th District

State Representative Dan Ugaste (IL) | Representative Dan Ugaste (R) 65th District

Governor J.B. Pritzker has signed a bill that enacts a $750 million tax increase, continuing the trend of rising taxes in Illinois. This move comes as residents already face some of the highest effective tax rates in the nation.

"Illinoisans already pay the highest effective tax rates in the nation and Democrats continue to ask for more," said an unnamed source. The sentiment reflects growing concerns about affordability within the state.

The new legislation aims to address various fiscal challenges but has sparked debate on its impact on residents' cost of living and business environment. "We must make Illinois a more affordable place to live, learn, and do business to help our residents thrive," added another commentator.

Governor Pritzker's administration argues that these measures are necessary for long-term economic stability and investment in essential public services. However, critics warn that continued tax hikes could drive away businesses and individuals seeking more favorable financial conditions elsewhere.

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