The Freedom Caucus gets it. This is the most terrifying bill I’ve seen in my 20 year professional career.
I live in the state with the highest tax burden, highest corruption, and lowest bond rating in the country for 13 consecutive years. I’ve seen a lot of bad stuff.
If this bill passes the Senate and Gov. Pritzker signs it, as is, you need to pray your community never sees a megaproject nearby.
Every single dollar of property tax relief for billionaires can be dropped on the heads of other taxpayers. This means you.
The bill sponsor admitted this 3 times today.
A single $5B Megaproject could kick off $330M in property tax burdens on other taxpayers.
Why are we bailing out billionaires to screw everyone else? This isn’t a game
@GovPritzker. You need to put an end to this.
🚨JUST PASSED THE HOUSE🚨
The Illinois House just passed HB910 - the Mega Projects Bill (the bill containing a Chicago Bears Stadium Deal)
This bill is one of the most dangerous property tax bills passed in recent history. The Illinois Freedom Caucus voted NO, and here is why:
As this bill is written now:
- Gives mega projects and billionaire corporations hundreds of millions of dollars in property tax breaks, while shifting the burden to local property owners. The result? Taxing people out of their homes and decimating middle class families.
- Brings no comprehensive tax relief to everyday families and small businesses. As the House is bending over backwards to support mega projects, they have no real plan to help working families.
- Opens up constitutional concerns about unfair and unequal taxation, potentially resulting in a legal challenge and opening the state up to unknown fiscal liabilities.
As Republicans, we are supposed to believe in lowering taxes and protecting taxpayers. That is why it's extremely concerning to see several Republican lawmakers voted YES on this bill. We believe these votes completely undermine the credibility of our colleagues in the Republican caucus to talk about property taxes, the number one issue in Illinois.
Let us be clear, we want the Bears to stay in Illinois, and we want other future economic developments in Illinois as well. We are not opposed to the concept of mega projects. However, as has been our position since day 1, bailouts for billion dollar corporations on the backs of working families and taxpayers are completely unacceptable.
This process has been shoved down our throats this week because JB Pritzker and the Democrats are desperate to keep the Bears in Illinois, no matter the consequences to property tax payers. The Democrats have made Illinois so economically unviable to do business that large corporations such as the Bears have no choice but to look to other states, like Indiana.
The Democrats and JB Pritzker need to find a new plan, and ditch their tired old habits of solving every problem by sticking it to Illinois' taxpayers. They can't afford it anymore.