Taxes December 17, 2025
Citadel Leaves Chicago Tower as City Alarmed by ‘Job Killer’ Tax
The Chicago City Council opposes the so-called head tax, which the city's former mayor, Rahm Emanuel, once called a “job killer.”
Taxes December 9, 2025
Chicago Mayor Tweaks Head Tax Plan to Target Bigger Companies
Mayor Brandon Johnson proposed a new version of his head tax Tuesday, now pushing a $33-per-employee monthly tax on companies with over 500 Chicago employees.
Taxes December 4, 2025
Democrats Tee Off on Possible Treasury Corporate Tax Move
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
New Washington State Payroll Tax Plan Emerges Ahead of 2026 Legislative Session
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
Chicago Mayor Says Attacks Against His Proposed Head Tax ‘Would Make Donald Trump Blush’
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 Mayor’s Head Tax Plan Defeated in Council Committee Vote
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
Chicago Mayor Floating Change to Head Tax Proposal, Sources Say
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
New Tax Law ‘Floors’ Charitable Deductions for Corporations – OBBBA Tax Law Changes
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
Chicago Alderman Yells at Gov. JB Pritzker Over Opposition to Mayor’s Head Tax Plan
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.”