millionaires tax
Coverage of millionaires tax in the Nexus archive.
- Johnson-aligned Chicago school board members continue push for more funding from Springfield
Chicago Board of Education members aligned with Mayor Brandon Johnson and the Chicago Teachers Union urged Governor JB Pritzker to hold a special legislative session to increase education funding, citing a $700 million deficit in Chicago Public Schools' budget. They advocated for progressive tax policies targeting wealthy individuals and corporations, but legislation for a millionaire's tax stalled in May.
- Could initiative to kill WA ‘millionaires tax’ also kill capital gains tax?
An initiative to repeal Washington's 'millionaires tax' could also eliminate capital gains tax, according to opponents. Initiative supporters argue this claim is a misleading scare tactic.
- Seattle AI founder looks to leave as taxes rise, ‘Everybody that I know… is in the process of leaving’
Seattle AI startup founder Jesse Proudman is considering relocating his company to states like Nevada, Texas, and Florida due to rising taxes and a perceived hostile environment for entrepreneurs in Washington state. He criticizes the state's new 'millionaires tax' and warns that it could drive wealthy residents and businesses away.