Chicago Mayor Brandon Johnson is pushing forward with his plan to finalize the 2026 proposed budget by Thanksgiving despite strong opposition from Finance Chair Pat Dowell. Dowell's stance against a corporate head tax at "any level" has dealt a significant blow to Johnson's initiative, which aims to raise revenue through a $21 per-month-per-employee tax on companies with 200 or more employees.
The proposal has faced resistance from both sides of the aisle, with Gov. JB Pritzker, business leaders, and their allies joining forces to oppose it. Dowell, who is part of Johnson's leadership team, expressed her opposition to the head tax, calling it "a tax on jobs." She indicated that she would engage in further conversations about the budget but refused to commit to backing the proposal.
Despite the challenges, Johnson remains resolute and open to alternative revenue ideas. He has challenged Dowell and other critics to present their own proposals, suggesting that there may be room for compromise. However, it appears that any major concessions will need to come from his side.
The pressure is mounting, with the budget process already underway since April. If Johnson fails to secure a vote before Thanksgiving, Chicago could face another round of budget stalemates reminiscent of last year's crisis. A Finance Committee defeat would give opponents ample ammunition to portray head tax supporters as champions of wealthy corporations.
For Johnson, the stakes are high. He has framed the debate around a choice between challenging large corporations to contribute more or increasing taxes on working people. The mayor emphasized that his goal is not to create divisions but to "challenge the ultra-rich" to pay their fair share.
The proposal has faced resistance from both sides of the aisle, with Gov. JB Pritzker, business leaders, and their allies joining forces to oppose it. Dowell, who is part of Johnson's leadership team, expressed her opposition to the head tax, calling it "a tax on jobs." She indicated that she would engage in further conversations about the budget but refused to commit to backing the proposal.
Despite the challenges, Johnson remains resolute and open to alternative revenue ideas. He has challenged Dowell and other critics to present their own proposals, suggesting that there may be room for compromise. However, it appears that any major concessions will need to come from his side.
The pressure is mounting, with the budget process already underway since April. If Johnson fails to secure a vote before Thanksgiving, Chicago could face another round of budget stalemates reminiscent of last year's crisis. A Finance Committee defeat would give opponents ample ammunition to portray head tax supporters as champions of wealthy corporations.
For Johnson, the stakes are high. He has framed the debate around a choice between challenging large corporations to contribute more or increasing taxes on working people. The mayor emphasized that his goal is not to create divisions but to "challenge the ultra-rich" to pay their fair share.