All the Democratic candidates for governor except Robert Marshall support a graduated state income tax in Illinois. But only Tio Hardiman and State Senator Daniel Biss support another way of taxing the wealthy --- the so-called LaSalle Street tax proposal. That’s a proposal to tax financial transactions, such as the buying and selling of stocks.
Speaking on the talk show The 21st, Biss says his support of a financial transactions tax sets him apart from the other front-running candidates.
BISS: “The other candidates say they’re against it, they say that it’s impractical. What I would say is, if we’re not going to build a tax system that works for the modern economy, we’re not going to have a state that works for our modern society.”
Biss says Illinois also needs property tax reform. He says the current assessment process gives unfair breaks to wealthy homeowners, and over-taxes homes in middle and working class neighborhoods.
You can hear the entire interview with Daniel Biss at 21stshow.org