* Progress Illinois reports on a Monday Chicago protest…
Fair Economy Illinois wants lawmakers to take up their “People and Planet First Budget” plan, which seeks to raise $23 billion in annual state revenue by enacting a graduated income tax, closing various corporate tax loopholes and passing a LaSalle Street tax on financial transactions.
Activists say the revenue could be invested in education, health care, infrastructure, human services, public pensions and green energy development
Jason Gonzales, who lost to Illinois House Speaker Michael Madigan in the primary election, was at the protest.
In an interview with Progress Illinois, Gonzales blasted Madigan for “participating in the ability for companies like Exelon and others to dodge their tax responsibility.”
“I believe Exelon and others need to pay their fair share,” Gonzales said.
Asked whether he has any plans to run again, Gonzales said: “I haven’t really decided yet. Honestly, I’m still mulling my political future, but I’m not leaving politics.”
* From Exelon…
Exelon pays our fair share of taxes to the state, and suggestions to the contrary are simply false. Including ComEd, Exelon has more than 12,000 employees in Illinois and is the ninth largest company in the state. We rank among the state’s largest taxpayers, paying $456 million in state and local taxes in 2015. Exelon has made its headquarters in Chicago since its founding and is a major economic engine for the state, investing billions of dollars annually to ensure the Illinois economy is powered by clean, reliable energy. These investments, along with our significant contributions to nonprofit institutions across the state, support thousands of additional jobs in Illinois. Being a good corporate citizen is among our core values, and that includes paying our fair share of taxes to support schools, government agencies and other services that benefit our customers and communities.
Regarding ComEd specifically, today’s protestors misunderstand the impact of tax policies to utility customers. Thanks to the regulated process by which rates in Illinois are set each year, it is ComEd’s customers who benefit from tax decreases, not ComEd. ComEd’s tax decreases are reflected in customer bills.