* Obviously, Leader Durkin is hoping to bait Illinois’ newest state Rep. into voting against Speaker Madigan’s millionaire’s tax and other stuff, but the way he’s doing it is quite interesting…
DURKIN APPLAUDS NEW REP’S BIPARTISAN, ECONOMIC GROWTH PLEDGE
Chicago – House Republican Leader Jim Durkin welcomed newly appointed state Rep. Anna Moeller (D-Elgin) on Monday by applauding Moeller’s bipartisan and economic growth pledge. Moeller told reporters that she is pledging to serve in a “bipartisan fashion” and she will work to “create jobs and strengthen our economy.”
“The best way to strengthen our economy is to not raise taxes on anyone,” said Durkin. “Many key votes are coming before the Illinois House in the coming days and weeks that will slow Illinois’ economic recovery and drive unemployment higher.”
Last week, Democratic leaders have all endorsed the idea of making the 67% temporary tax hike of 2011, permanent.
“The House GOP will gladly work with any member of the General Assembly who is committed, like Rep. Moeller, to strengthening our economy and protecting hardworking families, taxpayers and job creators,” added Durkin.
* In other economy-related news, Greg Hinz takes a close look at legislation that appears pretty good on its face. The bill would allow companies to recoup up to 100 percent of their job training costs. But all the jobs would have to be net new Illinois positions. There’s a problem with that…
“More than 300,000 manufacturing workers are set to retire in Illinois in the next decade. . . .The idea of a tax credit against withholdings could greatly benefit companies making significant investments in their human capital,” said Illinois Manufacturers’ Association Vice President and Chief Operating Officer Mark Denzler, in a statement.
“However, the current proposal is cumbersome and overly bureaucratic,” he added. “(That) will dampen enthusiasm while failing to provide any help for companies simply looking to train replacements for an aging workforce.”
Qualified training costs could be credited not only against a company’s own income tax liability but against money it collects from workers in paycheck withholding that is supposed to be passed on to the state. There have been only a few instances in which such tax breaks have been approved in Illinois, all involving so-called EDGE tax credits. In each case, allowing companies to keep employee tax withholding has had to be approved by the General Assembly.
Under the current proposal, that authority would be given to officials at Mr. Pollet’s DCEO and the Illinois Department of Employment Security.
* Meanwhile, the Tribune weighs in on the Statehouse ride-share proposal…
Consumers like ride shares. They like being able to find a nearby car, check out the driver and agree to a fare, all on their smartphones. They like the option of paying a premium for faster service in peak hours or bad weather. They like choices.
Sticking to the current rules would rob them of a promising new model while protecting an archaic system that works mostly for the medallion owners. It doesn’t work for the independent contractors who actually drive the cabs. Last week, a group of them sued, saying they should be considered employees of the cab companies from whom they rent the medallions. (Another pending suit argues that the drivers should be considered employees of the city.) […]
Government isn’t doing its job if it accepts the companies’ assurances that everything is hunky dory. So the question now isn’t whether the ride shares will be regulated, but who will set the rules. […]
Lawmakers shouldn’t be in the business of marking cars or dictating fares, either. Their aim should be to promote safety and competition, not to take sides in the taxi vs. ride share battle
* Gov. Quinn wants to boost home ownership…
Sneed has learned Quinn plans to announce a new state-subsidized mortgage loan program Monday for first-time Illinois home buyers.
“This program is not for millionaires,” Quinn told Sneed. […]
◆ Fact: The plan will give eligible first-time home buyers a 30-year fixed mortgage offered by the Illinois Housing Development Authority at below market interest rates, according to Quinn. (Right now, the average 30-year fixed rate mortgage charges 4.4 percent interest.)
◆ Fact: It will also offer a forgivable loan of $7,500, secured by a second mortgage, to help with the down payment or closing costs. At minimum, borrowers must contribute the greater of one percent of the purchase price or $1,000 toward the down payment.
◆ Fact: This program is only for first-time home buyers, or anyone who hasn’t owned a home in the last three years, and has at least a credit score of 640. […]
◆ Fact: Quinn claims the program will be funded with $130 million from the capital budget — set aside five years ago for the Illinois Housing Development Authority to use on housing construction and mortgage subsidies.
* And the editor of a website devoted to nursing home issues says Bruce Rauner’s candidacy is gonna bring down major heat on the industry…
In Illinois, when the inflammatory ads start again in the Rauner-Quinn race, few will think twice about the guaranteed loser: the nursing home profession.
Rauner’s proponents will again assert he had no hand in the day-to-day management when the bad acts occurred at his nursing home businesses. Attack. Defend.
And the remaining impression will simply be that, whether or not this guy is a greedy shark investor, nursing homes are terrible places where horrible things inevitably happen.
They might be trying to put Rauner on trial, but the skilled nursing profession will already have been convicted in the public’s mind, no matter the November vote totals show.