The Chicago Tribune warns Mayor Johnson’s tax system scares businesses

The Chicago Tribune warned Thursday that Mayor Brandon Johnson’s progressive policy proposal could scare businesses away from cities where they are already struggling.

As officials expect The $1.2 billion deficit Johnson spoke to reporters on Tuesday, particularly about his plan to fix the local economy where “billionaires and super-rich” can have “more skin in the game.”

“Everything needs to be on the table, everything needs to be on the table,” Johnson said of his plan. Chicago Tribune I’ve criticized Johnson before. He warned that this would not work for the local economy.

With the headline “Mayor Johnson Provides Multiple Ideas to Scarce Businesses from Chicago,” the newspaper’s editorial board outlined “How Halloween comes early with details of Johnson’s ‘progressive revenue’.”

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“Of the possibility, the mayor said, “We need to be on the table”: revive the headquarters tax at its headquarters, impose thinly disguised corporate income taxes, and pay a substantial amount of money in lieu of the property tax they are protected to “question” universities, donations and other large nonprofits.” The Tribune said.

The editorial committee has selected the head tax as a particularly disastrous policy. The “Mayor Rahm Emmanuel was killed correctly in 2014” policy is a policy that taxes businesses based on the number of employees. The board argued that such policies “prevent people from hiring.” Especially with the emergence of new technologies.

“It’s rising artificial intelligencecompanies across the country are already firing workers who perform functions that corporate leaders believe AI can do for them. If Johnson really wants to start off with AI-inducing white-collar employment losses in Chicago, there are few more effective ways than recouping head taxes,” the Tribune warned.

But beyond wise policies, the outlet highlighted one proposal that argued that Johnson doesn’t even have enforcement rights.

“It leaves behind more harmful proposals pushed for public goods by nonprofits with representatives in the mayor’s working group,” the Tribune reported. “Based on Seattle taxes approved several years ago, the group floated an “excise tax” on salaries of over $200,000 (including stock options and various forms of non-cash compensation).

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The article warned that beyond multiple policies he proposed, “it puts risky in the repeated 11-hour budget crisis last year, which he believes is afraid to link the political future to a deeply unpopular mayor by focusing solely on politically destructive taxes.”

Another aspect that the Chicago Tribune noted is that Johnson is an important detail that suggests that the Tribune speaks volumes about his leadership long before his working group discusses them at upcoming meetings in August.

“By saying he’s on some very controversial tax proposals even before the group came in, Johnson confirmed, at least in the minds of many skeptics, that the movement was always just a window outfit for an administration who was caught up in what he wanted to do from the start.

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Fox News Digital contacted Johnson’s office and did not respond immediately.