tag:blogger.com,1999:blog-133521035538248322.post7358832619225357352..comments2023-12-24T05:39:44.753-06:00Comments on Mike Klonsky's Blog: Chicago RepublicratsMike Klonskyhttp://www.blogger.com/profile/02017021676773731024noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-133521035538248322.post-72590201696941789422013-09-21T15:34:50.331-05:002013-09-21T15:34:50.331-05:00Anon,
It's true that Quinn wants to "tem...Anon,<br /><br />It's true that Quinn wants to "temporarily" suspend a $100 million tax loophole enabling major corporations that produce good outside the state to shield a portion of their income from taxation under the Illinois tax code. But, this is not just about closing tax "loopholes." <br /><br />All corporations like Sears or Motorola have had to do was threaten to leave the state and move to Ohio or N. Carolina and Gov. Quinn would rush in to offer them huge tax breaks to placate them. This at a time when thousands of teachers were losing their jobs and hundred of schools were being threatened with closure or massive budget cuts. Last year he signed a bill giving hundreds of millions of dollars in new tax breaks to big corporations like Sears -- which turned around and laid off hundreds of Illinois workers themselves.<br /><br />Quinn gave a $7 million tax credit to "keep" U.S. Cellular Corp., a $19 million tax break to Continental Tire, $65 million in tax breaks to "keep" Navistar and $100 million in tax incentives to retain Motorola Mobility’s Libertyville headquarters. The Gov. has also shuffled to assure Caterpillar that Illinois is a "business-friendly" state. <br /><br />He's also been doing lots of job poaching from other states at taxpayers' expense. This month he offered German-owned Rittal Corp. $624,113 in tax credits over the next decade to move its U.S. headquarters from Ohio.Over the next decade, the state will likely provide $15,602 to Rittal for each of the 40 jobs it is expected to locate in Schaumburg.<br /><br />In 2011, Quinn signed a 10-year extension of the Illinois Film Tax Credit, which gives tax breaks to production companies that film in the state. He also also contributed $5 million to help construction at Cinespace Film Studios, which opened in May 2011. Caterpillar, John Deere, Boeing, Ford, Diamond Star (Mitsubishi), Nabisco... the list goes on and on.<br /><br />Quinn's support for pension-bombing bills, to the point of withholding legislator's pay until they pass one, shows the efforts he will go through to force the burden of the pension crisis onto the backs of retirees and off the state's wealthy and corporate interests. <br /><br />Now, with no Democrat opposition in the primary, and facing billionaire venture capitalist Bruce Rauner in the final election, look for Quinn to move even further to the right and drop any mention of taxing the wealthy or even closing more loopholes. <br /><br />Laughable? Not if you're one of those teachers. Mike Klonskyhttps://www.blogger.com/profile/02017021676773731024noreply@blogger.comtag:blogger.com,1999:blog-133521035538248322.post-76337848477915297002013-09-21T14:09:19.331-05:002013-09-21T14:09:19.331-05:00A fine post with one exception. To say that Gov. ...A fine post with one exception. To say that Gov. Quinn believes in "protecting the corporations from having to pay their fair share of taxes" is absurd to the point of being laughable. The truth is exactly opposite. Efforts to close tax loopholes by the Quinn administration usually die in one of the committees of the General Assembly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-133521035538248322.post-23228876783041047212013-09-20T15:40:59.834-05:002013-09-20T15:40:59.834-05:00Brilliant post, Mike!
While I can't think of a...Brilliant post, Mike!<br />While I can't think of a better moniker for the Republicans (isn't what that name signifies bad enough?), I have taken to calling the non-Blues<br />(as opposed to the Alan Grayson, Elizabeth Warren ACTUAL Blues)<br />who are SUPPOSED to be Blues Demoncrats. I may be prejudiced, here, but I think I'd win in a contest.<br />Oh, wait--here's a good one for the Reps.--T.F.O.O.T.M.O.B.--Taking Food Out of the Mouths of Babies--or--how about just plain WICked?Anonymousnoreply@blogger.com