In light of the financial issues discussed above, do you support any or all of the following measures, each of which would require, at a minimum, approval by the Illinois Legislature?

Jobs & Economy

* A statewide expansion of the sales tax base to include more consumer services
Yes or No:Yes
* A tax on non-Chicago residents who work in the city
Yes or No:No.
* A tax on electronic financial transactions on Chicago’s trading exchanges, known as the “LaSalle Street tax”
Yes or No:No
Please explain your views, if you wish, on any of these three revenue-generating measures.
Sales Tax Expansion
Lower-income taxpayers are more negatively impacted by Illinois highly
regressive sales tax which concentrate mainly on tangible goods. Arguably,
inclusion of certain services used more often by higher-income people, like
landscaping, transportation services, and other similar services, in the sales
tax base would help to lessen the regressive nature and effect of our sales
tax.
Our service sector economy accounts for a much larger proportion of
consumer spending and production. Broadening the tax base might allow the
tax rate to be lowered. This would help bring balance to Illinois tax structure.
Non Resident worker Tax
I initially proposed a resident worker tax in 2007. Since that time we have
completed impact studies which suggest it is highly likely that suburban
municipalities are likely to reciprocate in retaliation, to the detriment of the
many Chicago residents who work in the suburbs.
Additional Revenue Source
Currently, the city of Chicago relies upon seven primary sources of revenue,
including Real Estate tax, Income tax, Sales tax, Federal aid, State aid,
Motor Fuel tax, Public Utility tax and Fines, fees and assessments. I will
utilize "Naming Rights" as a non tax form of revenue. Excluding City Hall,
we will provide opportunity for companies and individuals to rename public buildings, facilities, and other city assets according to their wishes. Unlike Privatization, the city would retain complete control over these assets.
Transaction Tax Even a $1 Chicago Mercantile Exchange and Chicago Board Options Exchange
tax levied on the sellers and buyers of futures, futures options and securities option contracts traders would be excessive and would discourage traders who don’t necessarily have to initiate their trades from Chicago. This proposed tax would hurt more than it would help.

* A statewide expansion of the sales tax base to include more consumer services
Yes or No: No
* A tax on non-Chicago residents who work in the city
Yes or No: No
* A tax on electronic financial transactions on Chicago’s trading exchanges, known as the “LaSalle Street tax”
Yes or No: YES
Please explain your views, if you wish, on any of these three revenue-generating measures.

* A statewide expansion of the sales tax base to include more consumer services
Yes or No:No
* A tax on non-Chicago residents who work in the city
Yes or No:Yes
* A tax on electronic financial transactions on Chicago’s trading exchanges, known as the “LaSalle Street tax”
Yes or No:Yes
Please explain your views, if you wish, on any of these three revenue-generating measures.
A commuter tax is one way we can help shore up our budget without breaking the bank for most Chicagoans. More than 600,000 people come from the suburbs to work in the city. The combined income is over $30 billion a year. A small 1 percent tax could generate $350 million in revenue. Meanwhile, I think we should put on the table for discussion a small transaction tax on sellers and buyers of futures, future options and securities option contracts traded by the Merc and Chicago Board Options Exchange. This has the potential to produce significant revenue for the City that could be used to bring our pensions to an adequate funding level.

* A statewide expansion of the sales tax base to include more consumer services
Yes or No: Yes
* A tax on non-Chicago residents who work in the city
Yes or No: No
* A tax on electronic financial transactions on Chicago’s trading exchanges, known as the “LaSalle Street tax
Yes or No: No
Please explain your views, if you wish, on any of these three revenue-generating measures.
I support a statewide expansion of the sales tax base to include more consumer services, as I outlined in my first campaign for Mayor. I am opposed to any form of city income tax, including the so-called commuter tax. Setting aside the legal obstacles to implementing it, I do not think Chicago workers should be asked to pay more out of their paychecks. The financial transaction tax has always been a bad idea for Chicago, which is why more than a decade ago the entire Illinois congressional delegation – both Democrats and Republicans – opposed legislation to implement the tax, which would require federal action.

* A statewide expansion of the sales tax base to include more consumer services
Yes or No: No
* A tax on non-Chicago residents who work in the city
Yes or No:No
* A tax on electronic financial transactions on Chicago’s trading exchanges, known as the “LaSalle Street tax”
Yes or No:No
A financial services tax is a huge gamble and is aimed at the one “industry” in which Chicago excels and a center for innovation. The actual markets are electronic and can be moved to other locations. The “market makers” are the people who create these markets, and their loss has potentially huge consequences.
Please explain your views, if you wish, on any of these three revenue-generating measures.
Please see my comments above.