Jimmy has had enough!
Jimmy John Liautaud, the founder of the Champaign-based Jimmy John's sandwich chain, told the Champaign News-Gazette on Tuesday that he is considering moving his company's headquarters because of the General Assembly's decision to raise Illinois' income tax rate. "All they do is stick it to us," he bemoaned, adding that while he could "absorb this and adapt ... it doesn't feel good in my soul to make it happen."
The move, which would presumably impact the 100 people who work at Jimmy John's HQ, is more ideological than economic. Corporate taxes generally make up a small proportion of a business' total expenses. And Liautaud is a doctrinaire conservative who has donated more than $300,000 to Republican candidates in Illinois since 2007 and come under fire from labor activists for poor working conditions at some franchises. He's free to leave for whatever reason he chooses, of course. But let's not pretend that this case represents the thinking of businesses more broadly.