Gov. Pat Quinn said he will veto any legislation with special tax incentives to get Archer Daniels Midland Co. to keep its global headquarters in Illinois until legislators approve a fix for the state’s nearly $100 billion pension crisis.
In an interview with The Associated Press on Thursday, the Chicago Democrat said he won’t consider tax breaks for any corporation until a pension deal is on his desk. He also said ADM’s efforts would be better focused on lobbying lawmakers to address the nation’s worst-funded public-employee retirement system when they meet in Springfield later this month.
“The best way to help jobs in Illinois is to do pension reform,” Quinn said. “To distract legislators in any way from this issue of a lifetime is just plain wrong.”
* From the IFT’s Facebook page…
So, Governor Quinn said he won’t give a multi-million dollar tax break to this one corporation until we take away one-third of the life savings of hundreds of thousands of teachers, emergency responders, and public workers?! Talk about a lose-lose situation. (Quinn does not support SB2404.)
The teachers have a point.