history, rivaling the 2010 California governors’ contest, where another billionaire - former eBay CEO Meg Whitman - spent $144 million in a failed attempt to defeat sitting Governor Jerry Brown, a Democrat.Įditor’s note, November 5, 2020: This article was updated to include an emailed comment from Ken Griffin. That race was one of the most expensive gubernatorial elections in U.S. Governor Pritzker has a history of big spending in political races: he put $172 million into his own successful bid to unseat his Republican opponent, then-Governor Bruce Rauner, in 2018. Forbes did not find any other known billionaires among the contributors listed in data from the Illinois State Board of Elections.Īltogether, four groups - Vote Yes For Fairness, Vote Yes For Fair Tax, and two groups opposing the amendment - raised nearly $122 million, making it the priciest ballot initiative in Illinois history. Editorial Note: Credit Karma receives compensation from. There would be both benefits and drawbacks to a flat income tax on the federal level. has had a federal flat tax on income in the past, and some states currently have one. The governor wasn’t entirely alone in his high-dollar support of the yes campaign: eBay founder Pierre Omidyar’s Omidyar Network pitched in with $500,000 to Vote Yes for Fair Tax, another pro-amendment group. A flat tax is a single income tax rate that applies to all taxpayers, regardless of their income levels. She was joined by another Illinois billionaire, investment guru Sam Zell, who contributed $1.1 million.
The race also pitted family members against one another: J.B.’s billionaire cousin Jennifer Pritzker, a longtime Republican (and recent Joe Biden donor), gave $800,000 to the anti-amendment side.
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