Chicago Mayor Proposes Corporate "Head Tax"
Chicago Mayor Brandon Johnson has proposed a $21-per-employee monthly tax on large companies to help fill a nearly $1.2 billion shortfall.
The "head tax" would charge businesses a fixed fee for each of their employees, costing businesses with over 100 Chicago-based employees $21 a month per worker.
A "head tax" charges businesses a fixed fee for each of their employees
- The proposed tax is expected to generate about $100 million in revenue next year.
- The fee would increase with inflation over time.
Business leaders and city officials have warned that the "head tax" could kill job creation and new investment, calling it "a job killer."
Author's summary: Chicago Mayor proposes $21 "head tax" on large companies.