Supporters of a plan to create a graduated income tax rate system in Illinois are conceding the race.
“We are undoubtedly disappointed with this result but are proud of the millions of Illinoisans who cast their ballots in support of tax fairness in this election,” said Quentin Fulks, who led the Vote Yes for Fairness campaign. “Now lawmakers must address a multibillion dollar budget gap without the ability to ask the wealthy to pay their fair share.”
The amendment required either 60% of those voting on the amendment to vote yes, or a simple majority of all ballots cast in the election must favor it. The most recent figures show the proposal to change the state’s constitutional requirement of a flat income tax rate lost outright by hundreds of thousands of votes.
With about 97% of the state’s precincts reporting, unofficial results show 55% of voters were against the proposal.
“It is clear that Illinoisans do not trust this legislature and this administration to spend more of their precious tax dollars without restraint,” said Illinois Chamber of Commerce President and CEO Todd Maisch.
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