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NEWS

Tell Your Lawmakers: Vote YES on the Millionaires’ Tax!

  • 20 hours ago
  • 2 min read
Graphic that says VOTE YES on the Millionaires' Tax

Illinois is at a crossroads.

Right now, our tax system asks the same rate from a minimum‑wage worker as it does from a millionaire – one of only 15 states in the nation with such an upside‑down approach. Meanwhile, 80% of Illinois public schools remain underfunded.


But this week, the Illinois House began to move a measure that would drive additional money to public schools.  


A Millionaires’ Tax (HJRCA 21) could be voted on by the full House in the next 24 hours. It would:

  • Modernize our tax code by creating an additional 3% tax only on net income over $1 million.

  • Raise more than $3 billion in its first year alone.

  • 50% of revenue would be dedicated directly to public schools. 

  • The other 50% would ease the burden on working families with property tax relief. 


No one earning under $1 million would pay a penny more. Please write to your state lawmaker today and tell them to support this constitutional amendment!


WHAT THIS WOULD MEAN FOR ILLINOIS PUBLIC SCHOOLS

  • More resources to distribute through the evidence-based funding formula

  • Smaller class sizes

  • More student supports

  • Competitive wages that attract and retain great educators and staff

  • Stable funding instead of constant budget shortfalls


THE FACTS ARE CLEAR 

  • Our schools have been consistently underfunded to the point that 80% of schools are still below adequate funding levels

  • A similar tax in Massachusetts funded schools and infrastructure — leading to free school meals and free community college, while the number of millionaires increased.

  • A bipartisan statewide poll found 69% of Illinois residents want school funding to increase and recognize that quality schools boost home values and community stability

  • The Illinois Economic Policy Institute reports that a tax structured like this could help solve longstanding PreK–12 funding gaps.





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