Over 1,200 community leaders with the Chicago grassroots group ONE Northside gathered Sunday to rally support for state legislation that would close $2.5 billion annually in corporate tax loopholes.
State Sen. Toi Hutchinson (D-Chicago Heights) and state Rep. William “Will” Davis (D-Hazel Crest) are sponsoring the legislation, contained in an amendment to HB 293.
The legislation was one of several proposals discussed at ONE Northside’s convention, held Sunday at Lake View High School. The North Side group also launched its campaign to “pass a new solution to Illinois’ budget crisis and to preserve affordable housing in Chicago.”
Illinois Senate President John Cullerton (D-Chicago) was among the state lawmakers at the event.
“At the convention, Senate President John Cullerton committed to moving legislation closing corporate loopholes in the Senate, calling fair tax legislation for a vote and working to pass a fully funded two-year budget by May 31,” according to ONE Northside.
Also in attendance were U.S. Reps. Danny Davis (D-IL,7) and Jan Schakowsky (D-IL,9) as well as five Chicago aldermen.
The elected leaders who attended the convention “committed to policy initiatives that put people before corporate profits,” ONE Northside organizers said.
“Our state can’t afford to keep allowing big corporations and the wealthy to shirk their fair share of responsibility,” said Eugene Lim with ONE Northside’s Economic Justice Team. “Our schools, our health and our safety are being put at risk while big corporations continue to benefit from tax loopholes they don’t need and that our state can’t afford. We simply cannot continue on a path that is driving our state further into debt while leaving the majority of us behind.”