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corporate tax breaks
Quick Hit
by Ellyn Fortino
1:36pm
Thu May 2

New Study Challenges Prominent Business Climate Rankings (UPDATED)

Prominent studies that rank states’ business climates often contradict each other and should not be used to inform public policies, according to a new “Grading Places” report published by the Washington, D.C.-based Good Jobs First.

“There’s no such thing as a state business climate,” said Greg LeRoy, executive director of Good Jobs First, on a conference call with reporters. “One size can’t fit all. Things vary much too much among different kinds of business facilities and among metro areas. There are no silver bullets. There [are] no magic variables.” <--break->

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Quick Hit
by Ellyn Fortino
9:45pm
Wed Apr 24

Tax Fairness Advocates Call For An End To Corporate Tax Deferral

It's time for the public to "tap into their anger" and rally against tax loopholes that allow big U.S. corporations to dodge their fair share of American taxes by stashing profits in offshore havens, said leaders from Citizens for Tax Justice and Americans for Tax Fairness.

Congress is currently entertaining a number of tax reform proposals that seek to lower corporate taxes and provide incentives for sending jobs and profit centers offshore, putting billions of tax dollars at stake over a 10-year period, Frank Clemente, campaign manager of Americans for Tax Fairness, said on a conference call with reporters.

The current debate on tax reform comes at a time when corporate profits are at a 60-year high, yet "some of these companies are paying less in taxes than you and I as individuals pay," Clemente said.

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Quick Hit
by Ellyn Fortino
11:48am
Mon Apr 15

Duckworth Discusses Concerns About Cuts To Social Security, Medicare With Elgin Residents

Residents of the 8th congressional district are terrified that their Social Security and Medicare benefits are going to be cut, U.S. Rep. Tammy Duckworth (D, IL-8) said after an hourlong meet and greet with constituents in Elgin this weekend.

“They’re barely making ends meet,” Duckworth told Progress Illinois at her third Congress at Your Corner event, held at the Gail Borden Library. “Whatever we do to balance our nation’s budget, it cannot be on the backs of these people.” Read more »

Quick Hit
by Ellyn Fortino
6:50pm
Tue Apr 9

Small Business Owners Talk Corporate Tax Reform, Offshore Havens Via New Poll

America’s small business owners overwhelmingly oppose the use of offshore tax havens by large corporations and support closing loopholes to end the tax-dodging practice, a new poll from the American Sustainable Business Council and Main Street Alliance shows.

The poll of 515 small business owners from across the country comes as Congress attempts to address tax reform. Gov. Pat Quinn is also looking to close a few corporate tax loopholes at the local level.

“There’s widespread agreement that the current tax system is broken and is not serving the best interests of the economy or the country,” said Joshua Welter, director of special projects for the Main Street Alliance. “There is growing momentum to do something this year.”

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Quick Hit
by Ellyn Fortino
10:58am
Wed Mar 20

Schakowsky Launches Interactive Budget Web Page

U.S. Rep. Jan Schakowsky (D, IL-9) launched the new, interactive You Choose web page today, asking people to make decisions about the sequester's $1.2 trillion in across-the-board spending cuts and the House Republican budget proposal.

You Choose is an alternative to House Majority Leader Eric Cantor’s YouCut page.

Schakowsky said she’s launching the You Choose because she wants to hear from her constituents and others around the country about their take on the nation's fiscal issues.

“Congress will be making budget choices over the coming days and weeks that will affect every person and business in our country,” Schakowsky said. “It is critical to acknowledge that the question facing us isn’t just whether we solve our fiscal challenges, but how we do it.”  

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Quick Hit
by Steven Ross Johnson
4:41pm
Tue Mar 12

Rally On Social Policies Morphs Into Protest At Ald. Moore's Home (VIDEO)

What started out as a neighborhood gathering in support of various public policy changes quickly turned into a march, which culminated into a rally outside the front doorstep of the home of 49th Ward Chicago Alderman Joe Moore.

A diverse crowd of hundreds that included college students, residents, community activists as well as several elected officials, attended the public meeting held Sunday evening in the Willye White Field House in Rogers Park.

The event, held by the community group Northside P.O.W.E.R., brought together various interests under a common theme of what they described as the “corporatization” of such public concerns as education, healthcare, affordable housing and taxes.

“This is a fight against corporate power and greed,” said Northside P.O.W.E.R. Chairwoman Beth Lanford. “This is a fight against the corporatization of our society. We must stop the process of turning our common good into their private gain.”

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PI Original
by Ashlee Rezin
6:39pm
Wed Mar 6

Quinn's Budget Address Pits Pensions Against Education, Social Services

Gov. Pat Quinn turned up the rhetoric on pension reform during today’s state budget address, largely putting the blame on lawmakers for their failure to act.