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Will a New Payroll Tax Rewrite Chicago’s Economic Future?
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Subscribe08 DEC 2025 / ACCOUNTING & TAXES
Chicago city leaders are debating a proposed payroll tax that targets large employers in a bid to stabilize the city's budget post-pandemic. However, a significant backlash from the business community and the City Council has erupted, citing concerns for competitiveness, talent attraction, and the impact on growth-stage companies.
If Chicago’s economy were a basketball game, the city just hit the fourth quarter with two minutes on the clock, and the scoreboard is way too close for comfort. The city needs revenue, businesses need stability, and everyone is trying to avoid fouling ou...
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