Mayor Rahm Emanuel said today he remains committed to phasing out a corporate employee "head tax" that brings in about $19 million annually to the city.
"I believe it's a disincentive for companies," Emanuel said at a news conference to announce United Airlines will be bringing 1,300 more jobs to Chicago. "My goal is -- and it will reflect it when I do my budget -- that we will roll back a buck a year, so that over my term, it will be the $19 million that is quote unquote raised, will be eliminated."
The head tax is currently $4 per employee per month for companies with at least 50 employees on their payrolls. Emanuel said he believes the city will be able to raise more money by getting rid of the tax because companies will add more jobs in Chicago, helping the government bottom line in other ways.
Ald. Thomas Tunney, 44th, introduced an ordinance this week to phase the head tax out by the beginning of 2015.
During the mayoral campaign, Emanuel said he would do away with the head tax.
The head tax is currently $4 per employee per month for companies with at least 50 employees on their payrolls. Emanuel said he believes the city will be able to raise more money by getting rid of the tax because companies will add more jobs in Chicago, helping the government bottom line in other ways.
Ald. Thomas Tunney, 44th, introduced an ordinance this week to phase the head tax out by the beginning of 2015.
During the mayoral campaign, Emanuel said he would do away with the head tax.
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