Candidate Brandon Johnson released a budget plan that promises

 Candidate Brandon Johnson released a budget plan that promises 

to “eliminate the city’s structural deficit, clearing the deck to make historic new investments” without raising property taxes. Johnson, however, said he would reinstate the per-employee corporate head tax on large companies for workers who perform 50% or more of their work in Chicago and would tax jet fuel at 9.2 cents per gallon, “making big airlines pay for polluting the air in our neighborhoods.”

Johnson, a Cook County commissioner, also proposed a 1.6% “mansion tax” on real estate transfers valued at more than $1 million, a new $1 or $2 charge on securities trades and an increase in the hotel accommodations tax, from 4.5% to 6%.

Green responded bluntly: “Ridiculous. Tax. Tax. Tax. HELL NO. Brandon is BAD for Chicago.”

Green has some unconventional ideas on economic revitalization. He proposed a city-owned bank that would prioritize affordable housing, home ownership, new development projects and small business lending. It would start with $250 million from the city’s $1 billion reserves, plus $250 million from the state and from federal relief dollars — an ambition that would be a challenge to implement.

Green also wants to prop up a single-family mortgage bond fund to assist 10,000 new homeowners, using bonds with a $1 billion capacity each year, as well as freeze taxes on city property that has been developed in the last year.

Though Green criticized Johnson’s tax proposals, Green has also supported a similar tax on high-end real estate sales to fund homelessness services.

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