{"id":36238,"date":"2026-04-24T09:54:30","date_gmt":"2026-04-24T14:54:30","guid":{"rendered":"https:\/\/www.thexradio.com\/news\/?p=36238"},"modified":"2026-04-24T09:55:15","modified_gmt":"2026-04-24T14:55:15","slug":"millionaires-tax-idea-withdrawn","status":"publish","type":"post","link":"https:\/\/www.thexradio.com\/news\/local-news\/36238-millionaires-tax-idea-withdrawn\/","title":{"rendered":"Millionaires Tax Idea Withdrawn"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"javascript: window.print()\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_self\" ><img decoding=\"async\" src=\"https:\/\/www.thexradio.com\/news\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><span class=\"pdfprnt-button-title pdfprnt-button-print-title\">Print<\/span><\/a><\/div><div class=\"row\">\n<div class=\"col-md-12\">\n<div class=\"entry-header\">\n<h2 class=\"jeg_post_subtitle\"><img loading=\"lazy\" decoding=\"async\" class=\"avatar avatar-80 photo\" style=\"font-size: 16px;\" src=\"https:\/\/i0.wp.com\/capitolnewsillinois.com\/wp-content\/uploads\/2026\/03\/CNIstaff_300px_SZALINSKI.jpg?resize=150%2C150&amp;quality=89&amp;ssl=1\" srcset=\"https:\/\/i0.wp.com\/capitolnewsillinois.com\/wp-content\/uploads\/2026\/03\/CNIstaff_300px_SZALINSKI.jpg?resize=150%2C150&amp;quality=89&amp;ssl=1 2x\" alt=\"Ben Szalinski\" width=\"80\" height=\"80\" data-pin-no-hover=\"true\" \/><span class=\"meta_text \" style=\"font-size: 16px;\">by<\/span><a style=\"font-size: 16px;\" href=\"https:\/\/capitolnewsillinois.com\/news\/author\/ben-szalinski\/\">Ben Szalinski<\/a><\/h2>\n<\/div>\n<div class=\"jeg_featured featured_image \">\n<div class=\"thumbnail-container\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-post-image\" src=\"https:\/\/i0.wp.com\/capitolnewsillinois.com\/wp-content\/uploads\/2026\/04\/260421-FORD-AMENDMENT2-JN.jpg?resize=1140%2C570&amp;quality=89&amp;ssl=1\" alt=\"La Shawn Ford\" width=\"1140\" height=\"570\" data-attachment-id=\"111406\" data-permalink=\"https:\/\/capitolnewsillinois.com\/news\/millionaire-tax-amendment-fails-to-gain-enough-support-from-house-democrats\/260421-ford-amendment2-jn\/\" data-orig-file=\"https:\/\/i0.wp.com\/capitolnewsillinois.com\/wp-content\/uploads\/2026\/04\/260421-FORD-AMENDMENT2-JN.jpg?fit=1140%2C788&amp;quality=89&amp;ssl=1\" data-orig-size=\"1140,788\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"260421-FORD-AMENDMENT2-JN\" data-image-description=\"&lt;p&gt;La Shawn Ford&lt;\/p&gt; \" data-image-caption=\"&lt;p&gt;Rep. La Shawn Ford, D-Chicago, presents a proposed constitutional amendment to implement a tax on millionaires to the House Revenue and Finance Committee on April 21, 2026. (Capitol News Illinois photo by Jerry Nowicki)&lt;\/p&gt; \" data-large-file=\"https:\/\/i0.wp.com\/capitolnewsillinois.com\/wp-content\/uploads\/2026\/04\/260421-FORD-AMENDMENT2-JN.jpg?fit=1140%2C788&amp;quality=89&amp;ssl=1\" \/><\/div>\n<p class=\"wp-caption-text\">Rep. La Shawn Ford, D-Chicago, presents a proposed constitutional amendment to implement a tax on millionaires to the House Revenue and Finance Committee on April 21, 2026. (Capitol News Illinois photo by Jerry Nowicki)<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"jeg_main_content col-md-8\">\n<div class=\"jeg_inner_content\">\n<div class=\"entry-content no-share\">\n<div class=\"content-inner \">\n<div class=\"summary-box-gray\" role=\"complementary\" aria-label=\"Summary Box\">\n<h3><strong>Article Summary<\/strong><\/h3>\n<ul>\n<li>It\u2019s looking increasingly likely that Illinois voters will not see an amendment about creating a \u201cmillionaire tax\u201d on the ballot in November.<\/li>\n<li>House Speaker Emanuel \u201cChris\u201d Welch said the proposal did not have enough votes to pass the House, which isn\u2019t scheduled to return to Springfield before the May 3 deadline for putting a constitutional amendment on the ballot.<\/li>\n<li>The proposed millionaire tax would have created a 3% tax on income over $1 million and the revenue would have gone to property tax relief and K-12 education.<\/li>\n<li>Illinois has a flat income tax in the constitution and voters rejected a proposal in 2020 to implement a graduated income tax structure.<\/li>\n<\/ul>\n<p><em>This summary was written by the reporters and editors who worked on this story.\u00a0<\/em><\/p>\n<\/div>\n<p>SPRINGFIELD \u2014 A \u201cmillionaire tax\u201d proposal floated in the Illinois House failed to gain enough traction in Springfield this week, making it increasingly unlikely that voters will be asked to approve the measure in November.<\/p>\n<p>House Speaker Emanuel \u201cChris\u201d Welch, D-Hillside, confirmed to reporters on Wednesday night that the constitutional amendment proposed by Rep. La Shawn Ford, D-Chicago, was not going to be called for a vote this week. The House is not scheduled to be in after Thursday before the May 3 deadline to put constitutional amendments on the November ballot.<\/p>\n<p>\u201cEveryone knows it needs a lot more work,\u201d Welch said. \u201cThere were a lot of questions that people had and they deserve to have those answers to those questions.\u201d<\/p>\n<p>Increasing taxes on millionaires was a priority for Welch and many progressives in Springfield, but the speaker said it didn\u2019t have the votes to pass the House. Constitutional amendments require a 71-vote super majority in the chamber and the proposal was deeply unpopular with Republicans, meaning at least 71 of the House\u2019s 78 Democrats would need to push it out to the Senate.<\/p>\n<p>\u201cWe were very close, very close,\u201d Welch said. \u201cBut close is not enough and we\u2019re committed to getting it right. We\u2019re going to continue to work towards it.\u201d<\/p>\n<p>It could be a few years before lawmakers revisit the concept. The next deadline for approving constitutional amendments is early May 2028, six months ahead of the presidential election.<\/p>\n<h3><strong>How it would work<\/strong><\/h3>\n<p>Illinois\u2019 constitution mandates a flat tax rate regardless of income. Voters would have to approve an amendment changing that to tax millionaires more.<\/p>\n<p>Under the amendment being floated in Springfield, income over $1 million would be taxed at 3%. It would be the first time under the current constitution that a specific tax rate on income would be included in the guiding document, which has led some people to question if that\u2019s a smart choice given that the value of money changes over time and the constitution cannot be easily changed.<\/p>\n<p>The state\u2019s current 4.95% tax rate is dictated by lawmakers.<\/p>\n<p>The amendment also called for splitting revenue from the millionaire tax equally between a property tax relief fund and K-12 education. There was also disagreement among lawmakers about exactly where the revenue should go.<\/p>\n<p>A study published by researchers at the Illinois Economic Policy Institute and the University of Illinois at Urbana-Champaign\u00a0<a href=\"https:\/\/capitolnewsillinois.com\/news\/moore-new-study-lays-out-case-for-illinois-millionaires-tax\/\" target=\"_blank\" rel=\"noopener\">last month<\/a>\u00a0found the tax would generate $3.8 billion in its first full year and $4.2 billion by 2030 \u2014 revenue estimates the researchers labeled as \u201cconservative.\u201d<\/p>\n<p>The nonpartisan Commission on Government Forecasting and Accountability pegged the number at $2.1 billion annually but cautioned that it could fluctuate greatly by year. About 1% of people in Illinois would pay the tax.<\/p>\n<h3><strong>Political will<\/strong><\/h3>\n<p>The proposal was more specific than a proposed amendment in 2020 that would\u2019ve allowed a graduated tax structure in the state. But that was rejected by voters, and even though 61% of voters signaled support for the millionaire tax in 2024 in a nonbinding referendum, some lawmakers were still skeptical a binding amendment would get voters\u2019 blessing.<\/p>\n<p>\u201cThe message that was very clear to me after the last effort was the voters weren\u2019t quite ready for that,\u201d Senate President Don Harmon, D-Oak Park, told reporters last week. \u201cSo we\u2019re going to have to do some serious evaluation here before advancing anything right now.\u201d<\/p>\n<p>The bill passed out of a House committee on Tuesday on a party line vote.<\/p>\n<p>\u201cThey do not trust Illinois government with more money,\u201d Rep. Amy Elik, R-Godfrey, said in the committee. \u201cThey don\u2019t trust that it\u2019s really doing to go to these things and there\u2019s nothing in this language that\u2019s going to guarantee that.\u201d<\/p>\n<p>Even Gov. JB Pritzker, who was the cheerleader of the 2020 amendment and spent millions of dollars supporting it, wasn\u2019t pressuring lawmakers to approve a new amendment this year. He had said he continues to support the concept but it will be up to the legislature if they want to place it on the ballot. Amendments don\u2019t require the governor\u2019s signature after passing the legislature.<\/p>\n<p>Welch also told reporters he hopes to get support from business groups for the amendment in the future. Multiple business groups, who also opposed the 2020 amendment, registered their opposition to this year\u2019s proposal.<\/p>\n<p>Voters may still see an\u00a0<a href=\"https:\/\/capitolnewsillinois.com\/news\/house-approves-redistricting-amendment-fearing-federal-voting-rights-act-will-be-eliminated\/\" target=\"_blank\" rel=\"noopener\">amendment on redistricting<\/a>\u00a0in November, however, after the House approved one on Wednesday. The Senate must still approve it by the end of next week for it to appear on the ballot.<\/p>\n<p><a href=\"https:\/\/capitolnewsillinois.com\/\" target=\"_blank\" rel=\"noopener\"><em>Capitol News Illinois<\/em><\/a><em>\u00a0is a nonprofit, nonpartisan news service that distributes state government coverage to hundreds of news outlets statewide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p> byBen Szalinski Rep. La Shawn Ford, D-Chicago, presents a proposed constitutional amendment to implement a tax on millionaires to the House Revenue and Finance Committee on April 21, 2026. 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