The Tax Wedge: Definition, Examples, and Economic Impacts

A tax wedge is the difference between before-tax and after-tax wages. It also refers to the market inefficiency that is created when a good is taxed.
Capitol News Illinois

Despite mounting budget pressure, graduated income tax remains political longshot

Article Summary JB Pritzker is not making a graduated income tax a priority in 2026, despite backing the idea in ...

What if we taxed what people spend, not what they earn?

A progressive consumption tax takes a different approach. It doesn’t penalise earning more in a particular year. Instead, it ...
AOL

Brandon Johnson’s progressive tax push puts Chicago on brink of rare shutdown as mayor weighs veto

A potential veto of Chicago’s 2026 budget by Mayor Brandon Johnson could trigger the Windy City's first-ever municipal shutdown. Johnson reportedly rebuked the budget passed by council over the ...
coloradopolitics

Colorado officials stall progressive income tax ballot initiative again by declaring it to have multiple subjects

Ed Rainey, attorney for proponents of a graduated income tax, speaks to the Colorado Title Board about the proposal on Wednesday. In a saga offering more twists than a soap opera, Colorado Title Board ...
Denver Gazette

A ‘progressive’ tax on Coloradans? No thanks | Jimmy Sengenberger

Colorado’s flat-rate income tax is under attack — and if the perpetrators succeed, voters will open the gates to Trojan horses disguised as “fairness,” “priorities” and “progress.” After two failed ...