Pritzker: Graduated Tax Won’t Impact Retirement Income

Oct 12, 2020 | 10:10 AM

(Springfield, IL) — Governor J.B. Pritzker is assuring voters that a proposed graduated income tax will not impact their retirement income. Pritzker said late last week that opponents of the “fair tax” are planning to tax retirement income. Republican opponents say Pritzker’s statement isn’t true. Republican lawmaker Tim Butler says that it is unlikely that legislation will be proposed to change rules on taxing retirement income, whether the graduated income tax passes or not.

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Amy Becker/djc