Illinois Fair Tax Act & The Markets Reaction to the Election

Our 2 Cents – Episode #048

Illinois Fair Tax Act & The Markets Reaction to the Election

On today’s show, we kick it off with the new tax act you’ve been hearing all about. The new Illinois Governor, J.B. Pritzker (D), has proposed sweeping changes to Illinois’ tax code, advocating a constitutional amendment to permit a graduated-rate income tax and proposing a new rate and bracket structure.

After we discuss the details and inner workings of these proposed changes, we dive into the upcoming election and how we think the markets will react after the next President is elected.

Listener Questions

• How do you feel about the proposed Illinois Fair Income Tax Act? – Ken, Arlington Heights

Related Articles

• Student of the Market – August 2020 – Election Year Special [BlackRock]
• Twelve Things to Know About the Fair Tax for Illinois [The Tax Foundation]

Tune in now to join us for this discussion!

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