CHICAGO - Chicago Mayor Brandon Johnson is proposing the revival of a corporate tax that the Windy City eliminated over a decade ago that businesses are warning would cost the city jobs.

Johnson is proposing a so-called " head tax " that would apply to companies with more than 100 employees and would levy a monthly $21 per employee on companies that meet the employment threshold.

What we know:

The amount of the tax would increase based on inflation, and would be assessed based on the number of employees who work in Chicago 50% or more of the time.

The mayor sees it as a means of reducing Chicago's $1.2 billion budget shortfall, and the city estimates it would raise $100 million annually.

Chicago had a head tax in place from 1973 to 2014, raising an average of $20 million in

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