What is Illinois’ path forward? Does it even have a path to fill the budget hole it was hoping to fill with the next tax rates? With 98% of the vote counted, the Chicago Tribune this morning reported that “no” votes exceeded “yes” votes by a margin of 55% to 45%. The outcome was stunning: despite months of ads telling voters that a “yes” vote would ensure that the wealthiest 3% of Illinoisans would “pay their fair share” and the rest of the state would see a tax cut, voters rejected the ‘Fair Tax’ amendment to the state’s constitution, which would have stricken from the constitution the requirement that the state’s income tax be levied as a flat percentage of income across all income levels. (AP Photo/Charles Rex Arbogast) ASSOCIATED PRESS Pritzker the first major defeat of his 22-month tenure. Voters have rejected the Fair Tax proposal to abolish Illinois' flat-rate income tax for one that would take a greater share from wealthier taxpayers. A woman walks past a pro Fair Tax yard sign near a polling place on Election Day, Tuesday, Nov.
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