Expert Weighs In on Whether Johnson’s Tax Plan Will Help or Hurt Chicago

Businesses in Chicago, the third largest city in the United States, will be facing more taxes. Chicago’s mayor-elect Brandon Johnson has proposed about $800 million in new taxes as part of his plan to eliminate the city’s budget deficit. Bryce Hill, director of fiscal and economic research at the Illinois Policy Institute, weighs in on what impact the tax plan could have on the city.