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PI Original
by Steven Ross Johnson
2:32pm
Thu Dec 15, 2011

Corporate Tax Dodge Report Reveals Millions Lost In Illinois

As Illinois lawmakers this week passed a $371 million tax break package aimed at keeping Chicago’s financial exchanges and Sears from fleeing the state, a new study has helped to shed some light on the issue of corporate tax incentives, finding that a number of Illinois’ most profitable firms have paid little in state corporate income taxes in the past three years.

Quick Hit
by Matthew Blake
3:31pm
Wed Dec 14, 2011

Mental Health Advocates Call Emanuel A Grinch (VIDEO)

The Southside Together Organizing for Power coalition used the final City Council meeting of the year Wednesday to pillory Rahm Emanuel and the City Council for closing down six of the city’s twelve mental health clinics. The City Council passed the 2012 budget 50-0 last month, a budget that will shutter the clinics as well as privatize seven health centers and lay off 155 city health workers.

STOP protesters sang, “Holiday carols to save our clinics” outside of City Council chambers. For example, to the tune of Rudolph the Red-nosed Reindeer, two-dozen or so protesters belted out, “Mayor Emanuel’s budget/Wants to make our clinics close/All of the City Council/Shrugs and says, ‘That’s how it goes.’”

Quick Hit
by Progress Illinois
5:03pm
Tue Dec 13, 2011

Op-Ed: Corporations Wield Power Over Illinois Legislature

The following is a statement from Make Wall Street Pay Illinois on the passage of SB 397.

Make Wall Street Pay Illinois is deeply disappointed in the State Senate’s action today and we call on Governor Pat Quinn to veto this fundamentally flawed piece of legislation. SB 397 is a corporate welfare bill that sends Illinois’ budget priorities in the exact wrong direction.

To add insult to injury, CME Group and other large corporations demonstrated that they have the power to convene the entire state legislature. The only reason the General Assembly met yesterday and today was to pass this tax break. Do such massive corporate interests have more power than Speaker Mike Madigan, Senator John Cullerton or Governor Pat Quinn? The laid-off teachers, fire-fighters and social service providers deserve urgent attention but do not call the legislature when things did not go their way in the legislature.

Quick Hit
by Progress Illinois
3:53pm
Mon Dec 12, 2011

Op-Ed: Passage Of CME Tax Break Fuels Growing Income Inequality, Ignores Voice Of The 99%

The following is from Keith Kelleher, president of SEIU* Healthcare Illinois and Indiana, on the passage of the tax break package passed by the Illinois House earlier today.

By granting a large tax break today to one of Illinois’ most prosperous companies, the Illinois House has concentrated more wealth in the hands of the rich, even as average workers are literally taking to the streets to decry growing income inequality.

While we applaud the House for passing a separate bill that expands the Earned Income Tax Credit for low-wage households, the benefits of this measure are eclipsed by the magnitude of the tax breaks lawmakers approved for the state’s corporate heavyweights. For every one dollar in tax breaks the House has given to workers struggling to propel themselves out of poverty, it has doled out nearly two dollars to corporations.

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