Taxes December 4, 2025
Sen. Elizabeth Warren and Rep. Donald S. Beyer Jr. are leading opposition to a potential regulatory carve-out from a new minimum tax on corporate profits that critics say could generate an unjustified windfall for big companies.
Payroll Taxes December 3, 2025
Progressive lawmakers in Olympia rolled out a new revenue proposal Tuesday that targets Washington's largest employers with a 5% payroll excise tax on wages above $125,000.
Taxes December 2, 2025
Mayor Brandon Johnson on Tuesday signaled that he will continue digging his heels in on his controversial head tax proposal rather than seek to reconcile with a rebellious City Council.
Taxes November 18, 2025
Chicago aldermen voted down Mayor Brandon Johnson’s 2026 budget in a Monday committee vote, a historic display of rebellion against the freshman mayor who has been struggling to shore up support for his controversial head tax.
Taxes November 12, 2025
Mayor Brandon Johnson’s team has been floating a change to his corporate head tax proposal that would increase the minimum size of companies affected from 100 to 200 employees.
Special Section: Guide to 2025 Tax Changes November 12, 2025
If a corporation makes a monetary contribution falling between the 10% ceiling and the 1% floor, the amount “in between” is deductible. Any nondeductible amount above the 10% ceiling may still be carried over for five years.
Taxes November 11, 2025
Southwest Side Alderman Byron Sigcho-Lopez stopped Pritzker after a Veterans Day ceremony on Tuesday, demanding the Illinois governor explain how he would “tax the rich.”