The 2026 budget crisis has reached “a point of no return,” according to Chicago Mayor Brandon Johnson.

Severe underfunding of pensions and excessive government spending has led to this crisis. The city is facing a $1.1 billion budget deficit for 2026. That number will grow given the pension legislation signed by Gov JB Pritzker that increases retirement benefits for Chicago police and firefighters.

Mayor Brandon Johnson is considering, among other things, a corporate payroll expense tax, a head tax, grocery tax and even a congestion tax on cars coming into downtown to close the deficit. How much more can Pharaoh tax businesses and the people without driving the city into financial ruin?

These are bad ideas and would discourage employers from hiring people and harm jobs. A previous mayor

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