Chicago voters recently rejected a proposed 'Mansion Tax' aimed at increasing the transaction tax on high-end property sales to fund homeless services. The defeat of the 'Bring Chicago Home' initiative has been a significant setback for Mayor Johnson and the City Council's Progressive Caucus, which anticipated generating $100 million annually from the tax to combat homelessness. Critics of the tax, including voices from the business community and political commentators, suggested alternative revenue measures such as taxing bullets. The rejection reflects a broader trend of voter resistance to tax increases in Chicago, with the 'Mansion Tax' performing "TWENTY THREE points worse" than the 'Fair Tax' amendment proposed 3.5 years ago.
The City Council's Progressive Caucus responded with “We heard you” humility to the defeat of a referendum that would have raised the transaction tax on high-end property sales to generate $100 million annually to combat homelessness. https://t.co/dlDxvoGaL8
City Council's Progressive Caucus responds to 'Bring Chicago Home' defeat with 'we hear you' humility https://t.co/3Sg9kZZBFE
CityLab Daily: Chicago's mansion tax meets its end https://t.co/96C9wZhAEY via @citylab
CityLab Daily: Chicago's mansion tax meets its end https://t.co/YB2BfiDWer
"Chicago Voters Reject Mansion Tax in Blow to Mayor Johnson" https://t.co/Bxk7F0RPpF If they need money, what they SHOULD do in that town is tax BULLETS... Of course, that would be expensive for the mayor's prime constituency... CRIMINALS!
I would simply urge anyone reciting versions of “Chicagoans just hate the homeless” as reason #BringChicagoHome failed to take a deep breath and remember BCH is poised to do TWENTY THREE points worse with Chicago voters than the “Fair Tax” amendment did here just 3.5 years ago.
"They've Had Enough: Chicago Voters Reject 'Mansion Tax' That Would Been Used to Pay for Homeless Services" Read the details below from @bob_hoge_ca, and use promo code "SAVEAMERICA" for a VIP subscription discount. #Chicago #progressives https://t.co/0NAbnWX6RX