The following is a statement from Make Wall Street Pay Illinois on the passage of SB 397.
Make Wall Street Pay Illinois is deeply disappointed in the State Senate’s action today and we call on Governor Pat Quinn to veto this fundamentally flawed piece of legislation. SB 397 is a corporate welfare bill that sends Illinois’ budget priorities in the exact wrong direction.
To add insult to injury, CME Group and other large corporations demonstrated that they have the power to convene the entire state legislature. The only reason the General Assembly met yesterday and today was to pass this tax break. Do such massive corporate interests have more power than Speaker Mike Madigan, Senator John Cullerton or Governor Pat Quinn? The laid-off teachers, fire-fighters and social service providers deserve urgent attention but do not call the legislature when things did not go their way in the legislature.
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That's the number of jobs lost each time the state reduces general fund spending by just 1 percent, according to a new report by Make Wall Street Pay Illinois and the Alliance for a Just Society. 
