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New Legislation Puts Spotlight On Corporate Tax Breaks

Gov. Pat Quinn speaks to the City Club of Chicago. (Credit: CBS)

Gov. Pat Quinn speaks to the City Club of Chicago. (Credit: CBS)

Nick Young Nick Young
Nick Young joined Newsradio 780 in 2010 after being an anchor at CBS...
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CHICAGO (CBS) – Governor Pat Quinn put his signature on a bill that requires the public spotlight on the details of corporate tax breaks as soon as they are completed.

The measure, which was watered down before reaching Quinn’s desk, was sponsored by Marengo Democratic Representative Jack Franks.

LISTEN: WBBM Newsradio’s Nick Young Reports

He says the bill is a good start in his campaign to bring more transparency to the granting of corporate tax deals — citing the $100 million tax credit given last year to Motorola Mobility — which was subsequently bought by Google — as particularly egregious.