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corporate tax breaks
Quick Hit
by Matthew Blake
5:12pm
Wed May 30, 2012

Tax Disclosure Bill Tabled

A bill to make publicly traded businesses reveal what they pay in state corporate taxes will not be heard before the state legislature adjourns tomorrow, despite the sponsorship of Senate President John Cullerton (D-Chicago).

Cullerton Spokesman Ron Holmes says that the Senate president is “waiting for input on how to improve the bill from opponents,” and that the bill is likely to receive more debate this summer. Read more »

Quick Hit
by Brandon Campbell
10:58am
Thu May 24, 2012

CME Shareholder Meeting Crashed By Community Activists (VIDEO)

Though NATO and its related protests have come and gone, hundreds of Chicago community activists continued to show public outrage through a series of their own protests Wednesday.

On the same day the Chicago Mercantile Exchange held its annual shareholders’ meeting, a group of 60 people from organizations like Arise Chicago, Jane Addams Senior Caucus, and the Lakeview Action Committee, claimed to have legitimately purchased shares from the CME and showed up for the conference.

Read more »

PI Original
by Steven Ross Johnson
5:27pm
Mon May 14, 2012

Business Butts Heads With Cullerton On Corporate State Income Tax Transparency Bill

A bill currently making its way through the Illinois Senate that would require public-held companies to report how much they pay in state income taxes is being lauded by a local community group as being a first step toward creating a more equitable tax structure, while business leaders have decried the measure, alleging it could further perpetuate the state’s reputation of being a bad place to do business.

PI Original
by Matthew Blake
5:35pm
Thu Apr 26, 2012

Progressives Join Together Against Quinn Medicaid Cuts

Illinois progressives have started to speak out against Gov. Pat Quinn’s proposed $2.7 billion in cuts to Medicaid.

Quick Hit
by Brandon Campbell
12:13pm
Mon Apr 16, 2012

The High Cost Of Corporate Tax Breaks On Illinois Small Businesses

Mike Nikodem and his wife Jo Anne own a bakery in Naperville and they said they paid more in taxes last year than some of Illinois’ largest corporations. The Nikodems recently joined the Illinois Public Interest Research Group (PIRG), a local watchdog organization, in pushing for tax reform legislation that would
close corporate tax loopholes.

The group released a report that showed Illinois small business owners, like the Nikodems, would be on the hook for an additional $2,556 in taxes to make up for about $60 billion lost to foreign tax havens.

Read more »

PI Original
by Matthew Blake
11:17am
Thu Mar 8, 2012

Berrios Uses Mailer, Money To Fend Off Guzzardi

The Democratic primary race for 39th district state representative pits Maria Berrios, a proverbial “insider” incumbent, against Will Guzzardi, the consummate “outsider” insurgent.