According to an article posted on www.illinoispolicy.org here is  a breakdown of Governor Pritzkers tax hikes on the citizens of Illinois.

“Here’s the breakdown of Pritzker’s $898 million in tax hikes on businesses and individuals:

• Extending the cap on net operating losses. This would result in a $526 million tax hike for companies. Only two other states – Pennsylvania and New Hampshire – place caps on the amount of net operating losses a business can claim. Illinois’ corporate income tax rate is also the second-highest in the nation.
• Increasing the sports gambling tax rate from 15% to 35%. Estimated to bring in an additional $200 million.
• Capping the retailer’s discount on sales and use taxes to generate an extra $186 million. This is essentially a corporate tax hike on any business that sells a product that’s subjected to the sales tax, whether it’s Barnes & Noble or your local independent bookstore.
• $93 million hidden individual income tax hike. This move will reduce the value of Illinois’ standard income tax exemption, subjecting an additional $225 of income to taxation per taxpayer and dependent. After years of rampant inflation, Pritzker is shortchanging the inflation adjustment on the state’s standard exemption for individual income taxes. By limiting the growth in the value of this exemption, Illinois taxpayers are facing a $93 million income tax hike. This tax increase would disproportionately fall on lower-income earners who receive a larger tax break from the exemption than higher-income earners.   

Pritzker’s $898 million in tax hikes bring in just enough to cover the growth (not total spending) for pensions and government worker health insurance. The total cost for these two items alone cost nearly $13 billion.”
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