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Quick Hit
by Matthew Blake
Fri Aug 17

Illinois Corporations Skimp On Federal Taxes Despite Lavish CEO Pay

Libertyville-based Motorola Mobility paid no federal income taxes in 2011 even as company CEO Sanjay K. Jha received $47.2 million in annual executive compensation.

That is the finding of a report the Institute for Policy Studies in Washington, D.C. released yesterday that looks at the 2011 tax returns of the 100 largest American corporations. The liberal-leaning think tank finds that at 26 of these firms CEOs  earned more in compensation than the company paid in federal corporate income taxes. In addition to Motorola Mobility, the list of these 26 companies includes three other Illinois firms: Abbott Laboratories, Boeing, and Motorola Solutions.

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Quick Hit
by Progress Illinois
Mon May 21

Hundreds Of Protesters Kick Off NATO Boeing Protest (LIVE BLOG)

The Boeing protest is underway, with hundreds of protesters arriving and chanting, "Another World is Possible!"

The police presence is heavy, with many protesters saying "there are more cops here than people!"

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Quick Hit
by Micah Maidenberg
Fri Apr 15, 2011

Over The Last Five Years, Boeing's Total Tax Rate Was 4.5 Percent

Washington D.C. is observing Emancipation Day today, commemorating the historic bill President Lincoln signed into law in 1862 ending slavery in the nation's capital. The Internal Revenue Service is observing the holiday, meaning taxpayers will have until April 18 this year to file their returns. Businesses too. And significant chunks of corporate America will get a pretty sweet deal when it comes time to turn in their returns, if recent history continues. Take Chicago-based Boeing as an example. 

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