Corporate Tax Breaks
The wealthy Winnetka businessman ripped Democratic Gov. Pat Quinn for allowing tax incentives for companies that later laid off workers and tax “loopholes” for the oil industry and people who own yachts and jets. He also said he’d eliminate a sales tax exemption on newsprint and ink, among others.
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.
Before adjourning the spring session and leaving Springfield last week, Illinois lawmakers sent Gov. Quinn a bill that would require the state to reveal the details publicly on corporate tax breaks.