Chicago’s ‘Job Killer’ Corporate Tax Plan Rejected by Committee

Chicago Mayor Brandon Johnson’s proposal to levy a $21-per-employee, per-month tax on companies was shot down by a city council committee on Monday.

Members of the city council’s finance committee rejected the mayor’s proposed revenue ordinance, which included the so-called head tax. Some aldermen opposed that tax on employers while others said they voted against the ordinance because the mayor’s overall budget proposal doesn’t include enough cuts and would lean on bonds to pay for salaries for firefighters and settlements.

The ordinance was part of a plan to raise roughly $586.6 million in additional revenue from various types of ...