Official Fair Tax language on the ballot

The Illinois General Assembly has approved the official ballot language for the Fair Tax, as well as the arguments for and against the amendment that will be mailed to voters.

Here is how the ballot language will read:

The proposed amendment grants the State authority to impose higher income tax rates on higher income levels, which is how the federal government and a majority of other states do it. The amendment would remove the portion of the Revenue Article of the Illinois Constitution that is sometimes referred to as the “flat tax,” that requires all taxes on income to be at the same rate. The amendment does not itself change tax rates. It gives the State the ability to impose higher tax rates on those with higher income levels and lower tax rates on those with middle or lower income levels. You are asked to decide whether the proposed amendment should become a part of the Illinois Constitution.

And here is the statement our chairman John Bouman issued to the news media responding to its passage:

“The old way of taxing income in Illinois is unfair and inadequate. Now voters have a historic opportunity to fix it. Since 97% of filers will get a tax cut or pay no more than they do now, we can begin to lift the burden from working people. Because income over a quarter-million dollars will be taxed at a higher rate, wealthy people will pay a fairer share. And that will raise revenue for priorities like schools, jobs and social services that are needed now more than ever.”

You can like and retweet this statement on Twitter!