November 27, 2020

Market and Financial News Aggregator

Voters (Mostly) Reject Tax Hikes

1 min read

Taxation was on the ballot last week, and not only in the presidential race. Voters in California and Illinois rejected ballot measures that would have raised their taxes, while those in Arkansas and Arizona approved tax hikes. Coloradans voted for a tax cut.

In fiscally strapped Illinois, one of nine states with a flat income tax, Gov. J.B. Pritzker led a campaign for a constitutional amendment to allow a graduated or progressive tax. Mr. Pritzker promised it would hit only the rich and threatened voters with budget cuts…

2020-11-08 15:34:00

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