When Brandon Johnson ran for mayor two years ago, he did so on the strength of an expansive progressive agenda.
His vision for equity in housing, schools, neighborhoods and downtown would come at a cost, we all knew. But not to worry, Johnson told voters, he had plans to pay for it.
There would be a “millionaire’s tax” on the sale of costly homes. A head tax based on how many people a company employed. A commuter tax. A transaction tax on securities trades. An income tax on people with big paychecks.
Altogether, Johnson figured, it would add up to around $800 million a year in new revenue.
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