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Chicago mayor proposes reviving tax that has businesses sounding the alarm

On HALO

17 hours ago

Chicago Mayor Brandon Johnson is proposing the revival of a corporate tax that the Windy City eliminated over a decade ago that businesses are warning would cost the city jobs.Johnson is proposing a so-called "head tax" that would apply to companies with more than 100 employees and would levy a monthly $21 per employee on companies that meet the employment threshold. The amount of the tax would increase based on inflation, and would be assessed based on the number of employees who work in Chicago 50% or more of the time.The mayor sees it as a means of reducing Chicago's $1.2 billion budget sho...