ADM and the satellite tax
Tuesday, Dec 3, 2013
* ADM wants its tax break to help open its Chicago world headquarters today…
* But the bill is caught up in some last minute games…
Yes, the satellite TV tax could be back. It was tacked onto some amendments yesterday. I’m not sure whether it’ll stay on, but the idea is to use the money generated by the $55 a year tax to pay for the new corporate tax breaks.
The Senate approved the tax last year, but those revenues were supposed to go to education funding. Needless to say, some teachers union folks weren’t all that happy with the new plan to take potential education dollars and use them to pay for corporate tax breaks - on the same day that their members’ pension benefits are being cut.
Like I said, the idea may not survive.