Illinois is verging on bankruptcy, and Progressive-Democratic Governor JB Pritzker and his henchmen running this Progressive-Democrat-run State want a State constitutional amendment to raise taxes preferentially on the rich—a progressive tax.

Illinois faces a $3.2 billion budget deficit next fiscal year, unfunded pension liabilities estimated from $133 billion to $250 billion, and the worst credit rating of any US state. It has roughly $8 billion in bills outstanding.

They insist that the good citizens of Illinois—and especially the not-so-good rich ones—should pay for this failure to perform, rather than that failure be made good through reallocation of currently collected revenues.  The technical term for that is “spending cuts.”

Of course, tax the rich, but tax everyone else, too.  The latest get (the) rich quick scheme, this one offered by Alan Davis, The Leonard and Sophie Davis Fund President and ex-founder and CEO of Conservatree Paper Company, though, falls into the same trap that all the other Progressive-Democrat schemes—Senator Elizabeth Warren’s (D, MA) wealth tax, Senator Bernie Sanders’ (I, VT) estate tax expansion, and Congresswoman Alexandria Ocasio-Cortez’ (D, NY) 70% marginal tax—do.  What Davis is proposing is

a 10% surtax on the earnings (including both income and capital gains) of the top 0.1% of taxpayers

Senator Ron Wyden (D, OR), Finance Committee Ranking Member, had this bit:

It looks like the Trump Treasury Department spent 2018, an election year, goosing people’s paychecks by under-withholding, and it should have been obvious that the bill would come due eventually[.]

Never mind that the IRS also warned taxpayers—and their employers—to carefully check their existing withholding arrangements, especially in this period of large changes to the tax code.

Senate Minority Leader Chuck Schumer (D, NY) was just as disingenuous:

Many Americans depend on their tax refund to pay bills and make ends meet….

No.  No way in H E Double Toothpicks.

New York Governor Andrew Cuomo [D] visited the White House on Tuesday to urge President Donald Trump to rethink a provision in the 2017 tax overhaul that Cuomo says is prompting a sharp decline in state revenues.
The Democratic governor met with the Republican president to discuss the $10,000 cap on the federal deduction for state and local taxes—known as SALT.
Cuomo said the cap is prompting wealthy residents to flee New York and contributing to a recent drop of more than $2 billion in tax receipts.