66.6 F
Friday, March 31, 2023
HomeIllinois NewsIllinois small business owners brace for higher taxes under Amendment 1

Illinois small business owners brace for higher taxes under Amendment 1




New business taxes added by the Pritzker administration plus Illinois’ high property taxes are making it hard for a Chicago-area bar owner to stay in business. Now a government union push for more property taxes is creating a new threat.

Darla Pitts purchased the Irish Rebel bar in Oak Lawn, Illinois, less than a year before the COVID-19 pandemic. Almost two years later, Illinois’ tax and business climate is what plagues her business.

“Our biggest challenge is the profit margin isn’t what it used to be. If it wasn’t for video gambling, we would just be breaking even because of inflation,” Pitts said. “You just can’t raise prices, either, then customers are super upset and talk about going somewhere else. It’s like you’re between a rock and a hard place. We haven’t raised our prices whatsoever for the past two years.”

Gov. J.B. Pritzker has added $650 million in tax and fee hikes to businesses since taking office. Illinois was the only Midwest state to drop in the Tax Foundation’s Business Tax Climate rankings in the past five years.

Illinois’ tough tax climate plus inflation means the Irish Rebel has had to delay expanding.



- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

ISRA Thursday Bulletin March 30, 2023

Executive Director's Message Richard Pearson  ​​​​​​Recent news stories have mentioned how...

You Will Know the Tree by Its Fruit

It is a biblical principle that everything reproduces after...

Gun Owners Rally Second Amendment Rights in Springfield

The Illinois Gun Owner Lobby Day (IGOLD) is the...

California Dreaming?

Is it possible that our legislators are trying their...