Chicago mayoral candidate Brandon Johnson insists that his plan to raise taxes on middle and upper class Chicagoans will not drive residents out of the city.
Asked if he was concerned that higher taxes would drive businesses and residents out of Chicago, thereby becoming almost a regressive tax, Johnson simply said,"no." "Chicago lost 45,000 residents in 2021 due to a growing cost of living — driven by increased taxes — and an increase in crime," said Bryce Hill, director of fiscal and economic research at Illinois Policy, a nonpartisan group that supports lower taxes and small government.
"Higher taxes would likely go in large part to propping up the city's unfunded pension debt. Chicago has more pension debt than 41 U.S. states. Higher taxes to fund debt, not services like public education or public safety, will drive more people out of the city," Hill told Fox News Digital. by the Illinois Policy Institute found that Illinois, which already has some of the highest taxes in the nation, lost 141,656 residents to lower-tax states last year.
Using data collected from the U.S. Census Bureau and the Tax Foundation, the analysis found the top five states that attracted new residents had total effective tax rates of 9.9% or lower. Illinois ranked in the bottom five, losing residents, with a total effective tax rate of 11.5% or higher. Illinois state and local governments took 12.9% of all the money made during 2022 in the state as taxes, the group said.
Johnson currently serves on the Cook County Board of Commissioners, representing the 1st district. Last September, the Chicago Teachers Union voted to endorse Johnson and encouraged him to get in the race. He was also endorsed by the progressive group, United Working Families. He is competing in a crowded democratic primary field that includes the
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