{"id":114716,"date":"2025-12-23T13:18:30","date_gmt":"2025-12-23T18:18:30","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/brandon-johnsons-progressive-tax-push-puts-chicago-on-brink-of-rare-shutdown-as-mayor-weighs-veto-114716"},"modified":"2025-12-23T13:18:30","modified_gmt":"2025-12-23T18:18:30","slug":"brandon-johnsons-progressive-tax-push-puts-chicago-on-brink-of-rare-shutdown-as-mayor-weighs-veto","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/brandon-johnsons-progressive-tax-push-puts-chicago-on-brink-of-rare-shutdown-as-mayor-weighs-veto-114716","title":{"rendered":"Brandon Johnson\u2019s progressive tax push puts Chicago on brink of rare shutdown as mayor weighs veto"},"content":{"rendered":"
\n

A potential veto of Chicago\u2019s 2026 budget by Mayor Brandon Johnson could trigger the Windy City’s first-ever municipal shutdown.<\/a><\/p>\n

Johnson reportedly rebuked the budget passed by council<\/a> over the weekend, which lacks the mayor\u2019s favored per-employee “head tax” on corporations, as “morally bankrupt.”<\/p>\n

If Johnson were to veto the budget, it would place the onus back on city council to rehash a plan that could get signed before December 30 \u2013 or plunge the city into shutdown.<\/p>\n

RECORDS REVEAL CHICAGO MAYOR’S ‘GIFT ROOM’ WAS CONSTRUCTED AFTER INVESTIGATORS TURNED AWAY<\/strong><\/a><\/p>\n

City Council<\/a> lacks any Republican representation \u2013 with a Democratic majority of 48 plus two independents, so the situation represents a clash within factions of the left.<\/p>\n

One such Democratic critic was Ald. Gilbert Villegas of Belmont-Cragin on the city\u2019s northwest side. Villegas, a noted ally of ex-Mayor Lori Lightfoot, tweeted that he will “work hard to see if we can get 38-40 votes to override the veto” \u2013 noting that it originally passed 30-18.<\/p>\n

Chicago faces a projected $1.2 billion shortfall for 2026. Johnson has argued that policies under the Trump administration favor corporations over working-class families and that businesses should “put more skin in the game.”<\/p>\n

HOW TRUMP CAN TURN THE TABLES ON THE LEFT WITH A RADICAL TAX PLAN<\/strong><\/a><\/p>\n

But not all Democrats in Illinois agree. Gov. JB Pritzker has criticized the proposed $33-per-worker, per-month head tax, warning it would “penalize the very thing that we want, which is more employment.”<\/p>\n

Johnson also rebuked the Washington Post for<\/a> its scathing editorial entitled, “Chicago Has Lost Its Mind,” which argued the head tax and other pressures on businesses will stifle economic growth.<\/p>\n

Johnson quipped that the paper “wouldn\u2019t be the first time a publication got something I\u2019ve done wrong.”<\/p>\n

CHICAGO MAYOR CREATES ‘ICE-FREE ZONES’ TO BLOCK FEDERAL AGENTS FROM CITY PROPERTY<\/strong><\/a><\/p>\n

Items in the council\u2019s budget include legalized video-gambling machines at eateries and Chicago-Midway Airport, raising the shopping-bag tax and a nationally unique proposal to tax social media companies<\/a> \u2013 levying $0.50-per active Chicago user beyond 100,000 users that a platform has \u2013 with an expected windfall of $31 million, if approved.<\/p>\n

While a shutdown would be a novel development, late-year budget vetoes in Chicago are not.<\/p>\n

Popular 1980s Democratic Mayor Harold Washington<\/a> vetoed several budgets in that decade, which often led to successful last-minute negotiations.<\/p>\n

Washington, the city\u2019s first Black mayor, vetoed four budgets during his four-and-a-half-year tenure, which ended abruptly when he unexpectedly died in office after his 1987 reelection at age 65.<\/p>\n

A top Johnson ally, Ald. Pat Dowell of the South Side, is leading the pro-budget coalition<\/a>, according to the Chicago Sun-Times<\/a>. She said the council\u2019s proposal is “not perfect but is a good budget and one we can work with.”<\/p>\n

Ald. Byron Sigcho-Lopez, a progressive from the West Side, meanwhile voiced support for Johnson\u2019s head-tax proposal and slammed council\u2019s oppositional plan as an “immoral, bankrupt, \u2018Michael Sacks\u2019 budget.”<\/p>\n

Sacks, a billionaire financier<\/a> who runs asset manager GCM Grosvenor, is an ally of former Mayor Rahm Emanuel and donated directly to several aldermen\u2019s campaigns before the budget fight, according to WGN<\/a>.<\/p>\n

Ald. Bill Conway III, a former military intel officer who represents “The Loop” in the heart of downtown, defended Sacks, telling WGN that “Michael is someone who cares about the future of the city, and he tries to work with those who are like-minded.”<\/p>\n

Fox News Digital reached out to Johnson\u2019s office<\/a> for comment.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/brandon-johnsons-progressive-tax-push-puts-chicago-brink-rare-shutdown-mayor-weighs-veto <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A potential veto of Chicago\u2019s 2026 budget by Mayor Brandon Johnson could trigger the Windy City’s first-ever municipal shutdown. Johnson reportedly rebuked the budget passed […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-114716","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nBrandon Johnson\u2019s progressive tax push puts Chicago on brink of rare shutdown as mayor weighs veto - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/brandon-johnsons-progressive-tax-push-puts-chicago-on-brink-of-rare-shutdown-as-mayor-weighs-veto-114716\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brandon Johnson\u2019s progressive tax push puts Chicago on brink of rare shutdown as mayor weighs veto - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"A potential veto of Chicago\u2019s 2026 budget by Mayor Brandon Johnson could trigger the Windy City’s first-ever municipal shutdown. 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