Financial Transaction Tax Would be Bad for Chicago

By Torrey and Gray | February 26, 2020

In an ongoing proposed new tax for Illinois traders, the proposed Illinois House Bill 23 has been assigned to the Illinois House Revenue and Finance Committee for review https://trackbill.com/bill/illinois-house-bill-23-financial-transaction-tax/1619965/  It claims to promote job growth (presumably by exempting the tax on trades executed via open outcry) and economic stability but places the foremost reason for…

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