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House Speaker backs millionaires tax, but Democrats split over how much to devote to property tax relief

Ford’s proposal would direct the tax proceeds to property-tax rebates, and he said he would lobby Welch to support that approach.

House Speaker backs millionaires tax, but Democrats split over how much to devote to property tax relief
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This article1 analysis · Oct 8, 2026
WBEZ
Apr 13, 2026
tl;dr

Illinois House Speaker Chris Welch supports a proposed 3% tax on annual incomes over $1 million, but Democrats disagree on whether the revenue should go to property-tax relief or also fund public schools. Neither proposal had received a House vote as the May 3 deadline approached.

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Illinois state representative proposing a millionaires-tax amendment focused on property-tax rebates

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U.S. representative whose seat Ford is nominated to seek

ALSO MENTIONED  Chris Welch, Illinois House Speaker backing the millionaires-tax concept; Natalie Manley, Illinois state representative proposing that the tax proceeds be divided between schools and property-tax relief; JB Pritzker, Illinois governor who supports the millionaires-tax concept; Maria Pappas, Cook County treasurer whose analysis of property-tax increases is cited; Pat Quinn, Former Illinois governor supporting Ford’s proposal

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