January 4, 2018

CBS St. Louis: Metro East Gubernatorial Candidate Wants Progressive Income Tax

media mention

Democrat Bob Daiber, currently Madison County’s Regional Superintendent of Schools, claims Illinois’ tax system is fifth most regressive in the nation — citing the Institute on Taxation and Economic Policy.

“There’s an old saying ‘you can’t squeeze blood from a turnip,’ but we continue to try,” Daiber told reporters during a Chicago news conference. “I think the middle and lower class have been squeezed as hard as they possibly can.

Daiber wants a scale starting at 1 percent and ending at 6, with people making up to $25,000 annually paying 1 percent, income roughly between $45,000 and $150,000 is taxed at 3.75 percent, income over $1 million is taxed at 6 percent. Read more