CHICAGO (CBS) — The two most prominent contenders running against Mayor Rahm Emanuel in February have come up with some very different ideas about raising revenue for Chicago.
Ald. Bob Fioretti said a graduated income tax in Chicago, as proposed by Cook County Commissioner Jesus “Chuy” Garcia, could hurt everyday Chicago residents.
“I think that may be a very regressive form of taxing here in our city, and I think we have to be careful,” he said.
Fioretti thinks a 1 percent commuter tax would be very helpful for the city, without being too painful for commuters.
“That small amount is very insignificant, in terms of what we need to do; and that will help our budget along the way, and would help our pension problems too,” he said.