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30% of Chicago Voters Reject Mayor Johnson’s Luxury Home Tax Proposal to Aid Homelessness!

Chicago Voters Reject Tax Increase for Homeless Aid

Majority Opposes Mayor’s Plan to Tax Wealthy Homeowners

According to Daily Caller, Chicago voters said “no” to a plan by Mayor Brandon Johnson to raise taxes on expensive homes to help homeless people. The vote happened on Tuesday and most people voted against it. The plan would have made rich people pay more taxes on their homes to get money for homeless services. But the majority of Chicago voters didn’t want it.

READ ALSO: IRA Offers Incentives For Eco-Friendly Upgrades And Savings

30% of Chicago Voters Reject Mayor Johnson’s Luxury Home Tax Proposal to Aid Homelessness! (PHOTO: Bloomberg)

Concerns Arise Over Economic Impact of Proposed Tax Increase

The plan wanted to change how much tax people pay when they sell their homes. If your house was worth more than $1 million you’d pay more tax. The extra money would go to help homeless people including their mental health. But many Chicago voters didn’t like the idea. They said it would hurt businesses and big buildings struggling from the COVID-19 pandemic. Chicago faces other problems too like lots of people moving there and not enough places for them to live. Since 2022 over 37,000 people moved to Chicago making it hard to find homes and help for everyone. Even though similar plans worked in other cities Chicago voters decided it wasn’t right for them.

READ ALSO: 5.3% Unemployment Rate Causes California’s Economic Crisis – Can California Overcome Its Billion Dollars Deficit?

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