Episode 48: 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 Gov. 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 new President is elected.
Listener Questions
· How do you feel about the proposed Illinois Fair Income Tax Act? – Ken from Arlington…
The skinny
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