North Side activists rallied Sunday around legislation they hope will end Illinois’ nearly yearlong budget stalemate and secured commitments from lawmakers at a full-house community convention in Lake View.
ONE Northside is pursuing legislation in Springfield its members say would close $2.5 billion annually in corporate tax loopholes. The bill was filed in January by Rep. Will Davis, D-East Hazel Crest. […]
A small group of Democratic state lawmakers agreed to co-sponsor the legislation. Senate President John Cullerton vowed to move it through the Senate.
One person’s loophole is another person’s must-have business incentive. Eliminating them is harder than just about anything.
* This could turn out to be more important, however…
Cullerton also committed to seeking a statewide vote on a fair tax, and to working to pass a fully funded two-year budget that closed the corporate loopholes by May 31.
Yep. The fair (graduated) tax is being revived. It’s reportedly been tweaked a bit, but we’ll get more details soon and then we’ll talk about it when we do.
Also, a two-year budget? Hmm.
* The Question: Would you support the crafting of two-year state budgets? Take the poll and then explain your answer in comments, please.