Capitol - Your Illinois News Radar » Madigan: Reinstate EDGE credit that was already temporarily reinistated
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Madigan: Reinstate EDGE credit that was already temporarily reinistated

Tuesday, Jan 31, 2017

* Press release…

Speaker Michael J. Madigan, D-Chicago, is directing the House Revenue committee to take up a Democratic Caucus proposal to reinstate a key tax credit for employers who create jobs in Illinois.

In a letter to state Rep. Michael Zalewski, chairman of the House Revenue and Finance Committee, Madigan requested the panel begin work to reinstate the Economic Development for a Growing Economy (EDGE) Tax Credit, a key component of the Democratic Caucus’ economic growth agenda.

“House Democrats know that Illinois must take serious steps to improve the business climate and create job opportunities, and we continue working on a reform agenda that promotes job growth without disadvantaging the people who work in those jobs every day,” Madigan said. “Businesses deserve the certainty of knowing that the state will stand with them as they work to create new jobs here in Illinois. By investing in businesses that invest in Illinois, the EDGE Tax Credit is essential to improving our business climate.”

The EDGE Tax Credit provides an incentive for employers who create a significant number of jobs in Illinois. The renewal of the tax credit was recently cited by the Illinois Chamber of Commerce as a key reform Illinois could undertake to help revitalize the economy.

“The House Democratic Caucus believes that it is possible to provide good jobs for working families while also passing policies that help businesses grow,” Madigan said. “These ideas are not mutually exclusive; in fact they’re both critical to the future of our state.”

The governor and the GA let the program expire at the end of last year and then reinstated it for a few months earlier this month. If this was the plan all along, they could’ve just made it permanent earlier.

Seems like make-work to me, but whatevs.

- Posted by Rich Miller        

  1. - blue dog dem - Tuesday, Jan 31, 17 @ 3:54 pm:

    Democrats and corporate welfare. Oh! I mean Republicans and corporate welfare. I am so confused!!

  2. - Anon - Tuesday, Jan 31, 17 @ 3:56 pm:

    So if lower taxes creates jobs, then higher taxes will ______?

  3. - Honeybear - Tuesday, Jan 31, 17 @ 3:58 pm:

    I HATE EDGE!!!!!

    It siphons off funds before it ever gets to our coffers.

    This reduced revenue is then used to justify cuts to programs and personnel.

    There is no accountability!





    215,000,000 IN 2015!

    EST. HALF BILLION THIS YEAR (We won’t know till July if that’s true)






  4. - Ahoy! - Tuesday, Jan 31, 17 @ 4:08 pm:

    We would be much better off in just creating a positive business environment instead of relying on sweet-heart deals like EDGE. Real Workers Comp Reform and stable finances would do 100 times more for Illinois than EDGE.

  5. - Last Bull Moose - Tuesday, Jan 31, 17 @ 4:09 pm:

    Targeted subsidies increase government power. Not surprised that Madigan would support it.

  6. - Mama - Tuesday, Jan 31, 17 @ 4:10 pm:

    Only give companies a tax credit AFTER the jobs have been created, and IL citizens are already working for such company. This way taxpayers won’t get screwed by companies taking the money, and then move their company out of state.

  7. - Toothy - Tuesday, Jan 31, 17 @ 4:16 pm:

    How about some programs the help small and midsize businesses? EDGE breaks usually go to corporate behemoths.

  8. - wordslinger - Tuesday, Jan 31, 17 @ 4:20 pm:

    Any chance we can ever get a performance audit on EDGE credits? Who, how much, what was promised, what was delivered?

    Isn’t that that the minimum of accountability when you’re literally taxing workers and giving the money to their bosses?

    The annual reports from DCEO don’t cut it. Lots of promises, no follow-up, no documentation.

  9. - Honeybear - Tuesday, Jan 31, 17 @ 4:31 pm:

    Exactly Ahoy! STABLE BUSINESS ENVIRONMENT! What a concept right? As to Workers Comp. Why didn’t the insurance companies pass on the saving from the last reforms? I don’t know….was it maybe for more profit? Why should the public be concerned over private profits? Let’s debate the “race to the bottom” economic development!

  10. - Henry Francis - Tuesday, Jan 31, 17 @ 4:31 pm:

    LBL - EDGE gives power to executive branch, not legislative. DCEO (or Intersect, heh) pick the winners, not MJM.

  11. - Honeybear - Tuesday, Jan 31, 17 @ 4:42 pm:

    Henry Francis, with Jim Schultz gone from Intersect Illinois it’s just about dead. That leaves just 2 people (plus a secretary)

    It was never going to get it’s 501c3 status. Thus it could never become a Public Private Partnership. The previous administration DCEO folks told the incoming people that you couldn’t do it by executive order. They were right. So thank God we won’t have Int IL making non Foia deals and totally unaccountable. Not that the program is even accountable now. Egads just think if Int IL had gotten non-profit status! The corruption could have been tremendous. Illinois dodged a bullet that caught a lot of other states right between the running lights. Many states had to shut down their P3′S. Phewww!

  12. - blue dog dem - Tuesday, Jan 31, 17 @ 4:45 pm:

    Honey I’m home. Edge stinks. Totally un-American. Defies capitalism. Govt picking winners.

    Yes, insurance companies greedy, but Illinois causation standards deplorable( I got my feeling hurt yesterday when Word called me that).

  13. - WhoKnew - Tuesday, Jan 31, 17 @ 4:49 pm:

    “Never mistake activity for achievement.”
    John Wooden

  14. - Touré's Latte - Tuesday, Jan 31, 17 @ 5:00 pm:

    Seems to make things more complicated from a business POV. Here is a higher rate and here is behavior we will reward with credits against a higher rate?

    How does that help the mature company firing on all cylinders (big or small) already?

  15. - Chicagonk - Tuesday, Jan 31, 17 @ 5:12 pm:

    EDGE credits need reform not reinstatement. For one, the credits should be for jobs added and not simply jobs retained. And second, the credits should be higher for employers in high poverty areas.

  16. - Yellow Dog Democrat - Tuesday, Jan 31, 17 @ 5:40 pm:

    Kudos to Madigan and Democrats.

    Capfax posters have been urging Democrats to present an affirmative agenda to create jobs, Democrats have responded
    By taking a key plank from the Chamber of Commerce agenda and putting it into action.

    Happily, it is legislation that Republicans also support.

    More. Like. This. Please.

  17. - Last Bull Moose - Tuesday, Jan 31, 17 @ 6:06 pm:

    Henry Francis. Fair point. But I don’t think these decisions are made in a vacuum.

    The Governor also hires employees, but when I worked for the State, there were many employees with ties to legislators.

  18. - Anonymous - Tuesday, Jan 31, 17 @ 6:09 pm:


    The “insurance company” line is a great red herring to deflect - hope you’re working on commission for the trial bar!!. Since you opened the can of worms, answer these questions:

    Why self-insured companies that don’t buy insurance from evil insurance companies didn’t see the recommended savings.

    Since there are 300+ insurance companies writing WC policies, please show us the collusion. The largest company has less than 5 percent of the market so there has to be a grand scheme.

  19. - blue dog dem - Tuesday, Jan 31, 17 @ 6:29 pm:

    Do these politicians know more than us simpletons?? Literally every person I have dialogue with is opposed to corporate give-aways.

  20. - wordslinger - Tuesday, Jan 31, 17 @ 7:02 pm:

    – but Illinois causation standards deplorable( I got my feeling hurt yesterday when Word called me that).–

    Show me where I wrote that you or anyone else is “deplorable.” Should be easy to do, if it was yesterday.

    Otherwise, you’re just making things up for some reason.

  21. - Yellow Dog Democrat - Tuesday, Jan 31, 17 @ 7:42 pm:

    Blue Dog:

    These tax credits are tied to actual job numbers. They have clawback provisions. Lots of strings attached, definitely not a “giveaway”.

  22. - wordslinger - Tuesday, Jan 31, 17 @ 7:47 pm:

    –These tax credits are tied to actual job numbers. They have clawback provisions. Lots of strings attached, definitely not a “giveaway”.–

    Where can we find the performance audit confirming those actual job numbers, as well as all those strings attached and clawback provision?

    Any examples of money being clawed back for failure to perform? How would a taxpayer find that out?

    And I think by any definition, EDGE definitely takes state taxes withheld from employees and gives it to their employers.

  23. - Whatever - Tuesday, Jan 31, 17 @ 7:48 pm:

    == Lots of strings attached, definitely not a “giveaway”.==

    It’s still a giveaway, just not as blatant as some other giveways. Most businesses don’t get these gifts and they still hire new employees.

  24. - Fudo Myoo - Tuesday, Jan 31, 17 @ 8:40 pm:

    Word, you are exactly correct. Yellow Dog is only technically correct. If there is no audit we won’t ever know. If there is no enforcement we’ll never get the money back. Either way it’s always been a nod and a wink.

  25. - blue dog dem - Tuesday, Jan 31, 17 @ 8:49 pm:

    Its a give away because not all companies get them. Let’s call it crony capitalism then. I don’t care, its not the American way. Realtors, real estate investors, maybe a few beneficiaries, the only people I know in favor. But these type are just hoping to be in on a piece of the pork pie.

  26. - Henry Francis - Tuesday, Jan 31, 17 @ 9:03 pm:

    HoneyBear - Intersect never got off the ground. Schultz saw that, and once word got out how much he was making and the accountability that would follow (i.e., any return on that investment?), he jumped off the sinking ship.

    Rauner’s DCEO Crew (wannabe Intersect) just don’t have a clue how to run a department. And once they got their Intersect, they couldn’t do jack with it.

    And this is from our “businessman’ governor.

  27. - swIFT taylor - Tuesday, Jan 31, 17 @ 10:12 pm:

    it’s because Dinosaur Mike moves at the pace of a prehistoric glacier. #DinoMike

  28. - Arock - Tuesday, Jan 31, 17 @ 10:25 pm:

    Madigan comes out in a flurry, businesses will be lining up to come to Illinois with his new pro-business agenda. Oh sorry we’ve done this in the past and still are near last in the recovery. Maybe Mike ought to try and chart a new course and really reform things so we can get Illinois back on track.

  29. - Lasalledemocrat - Wednesday, Feb 1, 17 @ 5:29 am:

    Edge credits didn’t keep the Mitsubishi plant from closing.

  30. - Tom K. - Wednesday, Feb 1, 17 @ 7:02 am:

    Does EDGE make payouts for new employees hired with H-1B visas? Nothing against these folks, most are talented Engineers - but either companies are abusing this program, or the U.S. has done a really lousy job of preparing our own young people for jobs in the tech industry.
    One problem I can imagine with EDGE, is that someone creating, say, a Janitorial business and is rewarded with EDGE, is instantly afforded an advantage over their established competition. Likely, the same company that will be chosen to replace AFSCME workers under the new outsourcing rules. So now we’re bidding against oursleves. Like Bluedog said, Gov. picking winners and losers.

  31. - The Real Just Me - Wednesday, Feb 1, 17 @ 7:39 am:

    Hey, Ahoy? Please give 3 specific things that constitute “real” workers comp reform. Then, please give by how much each of these 3 things will reduce workers compensation insurance premiums for IL employers. Thanks.

  32. - The Real Just Me - Wednesday, Feb 1, 17 @ 7:53 am:

    Regarding workers compensation insurance rates, you don’t have to call it “collusion’ to know that federal “anti-collusion” laws specifically exclude insurance companies. Whatever you call it, insurance companies are not only allowed to, but are encouraged to act in concert. In IL, ONE rating organization, NCCI, sets the SAME rates for nearly ALL of the WC insurance companies. And NCCI has set the rates about 30 lower since lower 2011, about 13% lower in 2017 alone. That means that all other things being equal (payroll, experience, etc.) the average IL employer should have seen a 30% reduction in its WC insurance premium since 2011. But has that happened? Reports from average IL employers seem to indicate that not only have premiums not gone down, they have actually gone up. If they have gone down, it has been no where near 30%. If I were a decision maker, I would want to know why a 30% reduction in rates has not resulted in a 30% reduction in premiums (again all other things being equal)before I slashed compensation to injured workers and doctors and hospitals again.

  33. - Downstate mayor - Wednesday, Feb 1, 17 @ 8:22 am:

    I live in a border county and our nearest state has similar but better programs and continually takes our businesses because they offer more than the EDGE credit. If the EDGE credit is bad, then how are we supposed to compete with border states? Even EDGE has its problems, the worker has to live in Illinois to receive it. Makes it harder for the border counties. I understand climate is key but DCEO requires new or expanding companies to get competing offers from other states before they get help and the offers were always better. So, DCEO was “encouraging” businesses to go to other states. So how do we get businesses to come here if EDGE is bad, DCEO doesn’t work, and our climate is worse? Did we all see the report that Illinois lost 37,000 people last year?

  34. - Anonymous - Wednesday, Feb 1, 17 @ 8:29 am:


  35. - Delimma - Wednesday, Feb 1, 17 @ 9:21 am:

    Hey downstate mayor, isn’t that kind of your job? I mean, what are your ideas for improving the lives of your constituents? How will cutting taxes and reducing your budget make doing your job easier?

Sorry, comments for this post are now closed.

* Reader comments closed for the weekend
* Amazon HQ2 site list unveiled
* Out of sight out of mind?
* Frerichs tries to use state investments to prod Facebook into cleaning up its act
* The rise of the billionaire governors
* Camelot promises to grow lottery sales by 40 percent
* Munger tries to defend Rauner veto of Debt Transparency Act
* Rauner: "I can’t comment on any business disputes"
* Question of the day
* Rauner finally takes a stand on a federal issue
* Moody's says "political backlash" against pop tax could make other tax hikes more difficult
* Report: Amazon subsidy could add up to $2 billion
* *** UPDATED x1 *** 10,800 jobs lost in a single month, but Illinois media barely notices
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* MLB open thread
* Yesterday's stories

Visit our advertisers...





* Governor's race could be costliest in US histor.....
* Illinois governor's race could be costliest in .....
* Rauner expected to announce re-election bid Mon.....
* Rauner expected to announce reelection bid Mond.....
* Illinois governor's race could be costliest in .....
* Rauner expected to announce run for reelection .....
* Illinois governors race one pace to be most exp.....
* Rauner to announce re-election bid on Monday, s.....

* 'Welcoming City' resolution considered for Springfield
* Family donates boxed linked to Lincoln to historical society
* Family donates boxed linked to Lincoln to historical society
* Vietnam veteran from Coffeen has been awarded Bronze Star
* New testing benchmarks to rely only on SAT exam in Illinois
* New testing benchmarks to rely only on SAT exam in Illinois
* Lincoln Museum plans special events on Veterans Day
* EXCHANGE: After years of searching, adoption mystery solved
* EXCHANGE: Architect saves his deteriorating childhood home
* Chicago restaurant brawl leaves 3 with gunshot wounds

* Governor's race could be costliest in U.S. history
* Voter advocates push Illinois to exit multistate database
* Lawmakers set to return Tuesday for veto session
* Illinois Lottery's new manager projects $4B in sales
* UIS students could study at newly proposed Chicago research center
* Aaron Schock attorneys contest federal claims on misstatements
* Under the Dome Podcast: Will lawmakers address gun control during the veto session?
* Chicago lawyer announces bid for Illinois attorney general
* Illinois borrows $1.5B at reduced interest to pay down debt
* Rauner cuts human services, other area in state budget

* Like our roundup? Share it around.
* Northwest Indiana: 'Right-to-work zone'
* Is Dem primary over? No, but Pritzker rivals need to pick up pace
* The biggest Chicago-area building sales
* Here are the sites Chicago is pitching to Amazon

* Police: Man found dead with gunshot wounds to back, head in Austin
* Gov. Rauner to announce re-election bid on Monday, sources say
* Crews rescue disabled man from burning Des Plaines home
* Pit bull bite in Woodridge sends woman to hospital
* Bears slow ‘slippery’ Panthers RB Christian McCaffrey in win
* Bears’ Akiem Hicks salutes Willie Young, says own injury will be ‘OK’
* Why did Bears coach John Fox kick a FG from inside the 1-yard line?
* Week 8 Further Review: Notre Dame is up there with any one-loss team
* Three-and-Out: Tarik Cohen ‘I blame myself’ for not scoring long TD
* Run-heavy plan works again, but John Fox will need Mitch Trubisky soon

* McCain seems to swipe at Trump with comment on Vietnam 'bone spur' deferments
* Dramatic sentencing hearing expected in Bowe Bergdahl case
* 1 killed, 4 injured in shootings on Sunday
* Trump's sons see green in the blues as they build hotels in rural Mississippi
* As monuments to the Confederacy are removed from public squares, new ones are quietly being erected
* Bears defense attacks Panthers QB Cam Newton early, often in dominant win
* Panthers QB Cam Newton on rocky day: 'We squandered that opportunity'
* After 2 opponent forfeits, Hope Academy to host playoff game next weekend
* Bears get after Cam Newton, will go as far as their defense will take them
* 'Not for the faint of heart': Lincoln-Way East set for tough 8A test

» Voter Advocates Push Illinois To Exit Multistate Database
» Lawmaker Says Facebook Refuses To Fact Check Ads
» State Week: Chasing Amazon, Bonding Debt
» Teaching Kids To ‘Say Something’ In An Era of School Shootings
» Illinois Issues: Cities Lose Out On Retail Tax As Online Shopping Booms
» What Could Hurt Chicago’s Bid For Amazon’s HQ2?
» At CPS, More Special Education Dollars Go To White, Wealthier Students
» Illinois Bond Sale To Help Pay $16bn Debts
» Mayor To Propose Higher Prices For Ridesharing, Big Concerts
» WBEZ Investigation: CPS Secretly Overhauled Special Education At Students’ Expense

* George Will: The fatal conceit of planning for the future
* Our View: Overriding this veto is a no-brainer
* Governor's race could be costliest in U.S. history
* Statehouse Insider: Will veto session show GOP revolt?
* Our View: Figure out how to make Innovation Network a reality
* Angie Muhs: Recognizing what resonates with readers
* Guest View: It's time for more oversight at CWLP
* Young Philanthropists: Banding together to make a difference
* Voter advocates push Illinois to exit multistate database
* Lawmakers set to return Tuesday for veto session

* Photos: Coming home
* Driver escape serious injury in Decatur rollover accident Sunday
* Video: Mary McMillin-Koski
* Upcoming Services
* COMING UP: Stories we're working on this week
* Murphysboro City Council to discuss railroad wanting charge homeowners for use of road
* Ikebana Demonstration
* Altamont driver hurt in rollover accident Sunday
* Driver strikes, kills pedestrian near Collinsville, police say
* 100 REASONS: Oriental Garden a picturesque place near Scovill Zoo

* Workers rally as negotiations resume in Palatine District 15
* Two police officers rescue disabled man, suffer smoke inhalation in Des Plaines fire
* Bouma, Wingels energizing Chicago Blackhawks
* Defense leads way as Steelers get comfortable atop AFC North
* Texas QB Ehlinger being evaluated for head injury

* Rival: Kinzinger not conservative - MyWebT...
* Teacher raised in Yorkville running agains...
* Dissident artist Ai Weiwei and US Rep. Ran...
* Democratic 14th Congressional District can...
* GOP congressmen say Rauner 'let down' Illi...
* Naperville's Lauren Underwood to run for R...
* Will Trump continue to unravel Obama's leg...
* Bipartisan group of lawmakers pushes job t...
* Hundreds of high school students tour Smit...
* Measure extends term of FSOC independent m...

* Dreaming about better legislation - The Tr......

* Infrastructure a priority in meeting with ......

* October 24 fundraiser for Christine Svenson
* Campaign website launched, November 2 fundraiser set, for Judge Toya T. Harvey
* Jack Hagerty campaign website launched
* In CPS it is the squeaky wheel and the color of your skin when it comes to special education services. Rahm says “they get what they deserve.”
* Sunday week in review.
* Democratic Party Chairman and tax man Joe Berrios is back to his old dirty tricks.
* JB and Joe Berrios. The hovel next door.
* Volunteer Actors/Extras Sought For Disaster Scenario
* Maryville Progress By Day and By Night
* Sarah Karp’s report on Forrest Claypool’s secret study, special ed service cuts and outrageous consultant fees. $15 million for proof reading?

* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

* Lower-cost iPhone X due in 2018, but who’s it for?
* Essential Phone gets a $200 price drop, existing customers get credit
* Project Loon flies over Puerto Rico, iPhones to take special advantage of Band 8 LTE
* iPhone X leaked video shows poorly optimized Instagram app
* In single spotlight, it’s HTC U11 Life over U11 Plus on November 2
* Emonster sues Apple for violating Animoji trademark
* GitHub’s scandalized ex-CEO returns with Chatterbug

* Steep climbs ahead for oft-injured White Sox
* #AwardWorthy: Vote for Engel's glove
* Sporcle Saturday: Long bombs
* Petricka undergoes surgery on right elbow
* Avisail sees similarities in rebuild, stellar year
* White Sox Arizona Fall League overview
* Ron Gardenhire’s second chance back in AL Central

Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005


RSS Feed 2.0
Comments RSS 2.0

Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller