{"id":2195029,"date":"2024-03-07T17:37:02","date_gmt":"2024-03-07T22:37:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chicago-mayor-brandon-johnsons-ally-proposes-fixing-citys-budget-woes-with-wealth-tax\/"},"modified":"2024-03-07T17:37:02","modified_gmt":"2024-03-07T22:37:02","slug":"chicago-mayor-brandon-johnsons-ally-proposes-fixing-citys-budget-woes-with-wealth-tax","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chicago-mayor-brandon-johnsons-ally-proposes-fixing-citys-budget-woes-with-wealth-tax\/","title":{"rendered":"Chicago Mayor Brandon Johnson\u2019s ally proposes fixing city\u2019s budget woes with wealth tax"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchicago-mayor-brandon-johnsons-ally-proposes-fixing-citys-budget-woes-with-wealth-tax%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2195029&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A subcommittee on the Chicago City Council is thinking of new streams of revenue to fund the city as Chicago grapples with a large debt.<\/p>\n<p> City Alderman William Hall, chairman of the subcommittee, was keen on the idea of implementing a city income tax for salaries over $100,000 earned in Chicago.\u00a0<\/p>\n<p> \u201cBillionaires and millionaires are not even paying taxes. \u2026 It makes no sense that a mother who\u2019s making $45,000 to $50,000 a year working two jobs, robbing Peter to pay Paul, hoping that an iPad would keep her kids occupied, is paying more taxes than, you know, Ken Griffin and company,\u201d Hall said. Ken Griffin was previously Illinois\u2019s richest man before he moved himself and his company, Citadel, to Florida.<\/p>\n<p> Hall did not directly confirm or deny if his tax would include all salaries above $100,000, simply saying he prefers a \u201cfair tax rate.\u201d He also suggested a tax on stock holdings and personal liquid assets of wealthy residents which he says passes \u201cwealth into trust funds.\u201d<\/p>\n<p> Hall threw out some other suggestions for increasing the city\u2019s pocketbook, too.<\/p>\n<p> \u201cTrust fund babies \u2026 get away with not paying their fair share, but using services to increase their lifestyle \u2014 that\u2019s not fair,\u201d Hall said. \u201cWe need tax parity, tax equity.\u201d<\/p>\n<p> Hall suggested rethinking vacant retail space as advertising space. He said his approach would not be \u201ccheesy\u201d but asked why New York City can be \u201cmaking millions of dollars in digital marketing in Times Square.\u201d<\/p>\n<p> \u201cWe\u2019re not going to put a big old advertisement board on the Sears Tower. \u2026 We\u2019re not going to take away from the integrity of some of the greatest architectural designs in the world. But what we can do is be innovative,\u201d Hall said.<\/p>\n<p> United Airlines recently partnered with Archer Aviation to begin offering helicopter rides in 2025 from O\u2019Hare International Airport to Chicago\u2019s West Side. Hall suggested capitalizing on the Chicago-based airline\u2019s idea.<\/p>\n<p> CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/p>\n<p> \u201cIf United [Airlines] wants to have helicopter flights, let\u2019s figure out a way in which we have fair landing fees and locations that Chicagoans can use,\u201d he said. Hall noted this plan would be careful not to intrude on Chicago\u2019s parks and natural preserves.<\/p>\n<p> The subcommittee will report back to the city in 30 days with ideas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A subcommittee on the Chicago City Council is thinking of new streams of revenue to fund the city as Chicago grapples with a large debt. City Alderman William Hall, chairman of the subcommittee, was keen on the idea of implementing a city income tax for salaries over $100,000 earned in Chicago.\u00a0 \u201cBillionaires and millionaires are<\/p>\n","protected":false},"author":2910,"featured_media":2195080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24066738605650-1024x588.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2195029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/03\/AP24066738605650-1024x588.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2195029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2910"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2195029"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2195029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2195080"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2195029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2195029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2195029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}