State's wealthiest person gives $20 million to anti-graduated tax committee

[TexasTowelie]

Illinois' wealthiest man and frequent Republican political donor Ken Griffin has pledged $20 million to a group dedicated to defeating a graduated tax constitutional amendment.

Griffin, who is the founder of the hedge fund Citadel, has previously donated tens of millions of dollars to the campaign of Republican former Gov. Bruce Rauner. He's also given millions to House and Senate Republican leadership in the state and donated to several individual lawmakers. Forbes estimates his net worth at $15 billion.

His recent $20 million donation went to the Coalition to Stop the Proposed Tax Hike Amendment ballot initiative committee. Prior to Griffin's donation, the committee had received $950,000 in donations.

Gov. JB Pritzker has already dropped more than $50 million of his own personal fortune, estimated at $3.4 billion, in support of his marquee legislative proposal. His donation went to the Vote Yes for Fairness ballot initiative committee.

Read more: https://www.illinoistimes.com/springfield/states-wealthiest-person-gives-20-million-to-anti-graduated-tax-committee/Content?oid=12568083

[634-5789]

1. It's sickening.

As a native, I can tell you that we HAVE TO vote YES on the ballot initiative for a fair tax system. The top 1% pays the same as someone making $16k a year. How the hell can that be equal? BTW: Griffin is a HUUUUGE MAGAt. Keep that in mind, fellow Illinoians!

[beachbumbob]

2. downstate Illinois is about as smart as Alabama and its hard for them to

figure stuff out. There is an excellent chance this will pass Nov 3rd. Then as usual the GOP everywhere across Illinois will go back to their districts and crow about the added level that going to bring projects to their districts that they voted AGAINST in the first place. ASSHOLES

[murielm99]

3. You think it will pass?

I am getting worried about it.

[beachbumbob]

4. an excellent chance of passage