Letter to the Editor | Another tax worth a look in Illinois

Letter to the Editor | Another tax worth a look in Illinois

Jim Dey wrote a recent column about the advice on the state's fiscal woes that the Civic Committee of Chicago and the Illinois Policy Institute are giving Gov. J.B. Pritzker.

Their recommendations omitted what seems to me the best suggestion for mending Illinois' woes — a financial transactions tax (aka Tobin tax, locally a LaSalle Street tax).

Obviously major financial interests in the state oppose even the most modest sales tax on their activities, but that's surely preferable to raising other taxes — and, regardless of all the proposed "reforms," more revenue must be found.

CARL ESTABROOK

Champaign

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