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Tuesday, August 16, 2022

Business Works – Graduated Income Tax November Ballot Referendum – Part Two

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In last month’s article, we began our discussion on the November 3 ballot referendum proposal to change Illinois’ Constitution shifting from our current flat income tax to be replaced by a progressive (graduated) tax and what that really means for the business community.

I have been delighted by the number of responses to my last article. It is a complex issue with much at stake for small businesses as well as implications for future industry taxation.
The Naperville Area Chamber of Commerce is hosting a virtual Graduated Income Tax Forum from 3 to 5PM on Tues., Oct. 6. This event will be a lively panel discussion where both sides of this complex issue will be discussed followed by Q&A to help participants make their ballot decision.

This event is open to all community members. For more information and to register, visit the NACC website “events page” at www.tinyurl.com/graduated-income-tax-forum.

As a preview, below is a lineup of the power-packed panelists for the event.

Giles Miller is Co-President of Phoenix Closures, a $160 million-dollar family business and the largest privately held bottle cap manufacturer in America with a major presence right here in Naperville.

Keith Staats is an attorney who has been involved in state and local tax since 1990. Keith is the Executive Director of the Illinois Chamber of Commerce Tax Institute.

Ralph Martire is executive director of the Center for Tax and Budget Accountability (“CTBA”), a bipartisan 501(c)(3) think tank and also the Rubloff Professor of Public Policy at Roosevelt University.

Editor’s Note / Mail-in Voting begins Sept. 24. Before voting, be sure to become acquainted with all ramifications, “pro” and “con,” related to the graduated income tax that will be on the General Election ballot for Nov. 3, 2020, a proposed amendment to the 1970 Illinois Constitution. Voter info including five pages of arguments in favor and against was sent to Illinois voters this past week, printed in a blue mailer (5.5″ x 8.5″) and delivered by USPS from the Secretary of State. Look for the blue mailer among your mail addressed to “Residential Customers, ILLINOIS.” Below is a photo of the “FORM OF BALLOT.”

Support free and fair elections. Be an informed voter first. Watch the NACC virtual Graduated Income Tax Forum from 3 to 5PM on Tues., Oct. 6.

Vote by Mail. Vote by Absentee Ballot. Vote Early at designated polling places. Vote at your precinct by 7PM Tues., Nov. 3, 2020. Polls are open at local precincts from 6AM to 7PM on Election Day.

If voting by mail or voting early, consider casting your ballot between Oct. 23 and Oct. 27, 2020. That way, you’ll have time to observe all Presidential and VP Debates. (Debates are set for Sept. 29, Oct. 7, Oct. 15 and Oct. 22.) That way, mail-in ballots will have time to arrive via USPS and be counted by Election Day, Nov. 3. 

Last Updated, Sept. 7, 2020 / Happy Labor Day! Thanks to every individual who takes supporting and contributing to the local economy seriously.

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Reba Morgan Osborne
Reba Morgan Osbornehttp://naperville.net
Reba Morgan Osborne is the Director of Government Affairs for the Naperville Area Chamber of Commerce. Contact Reba at (630) 544-3387 or rosborne@naperville.net.

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