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HB 5440: Close the Loophole and Support Our Students
Friday, Nov 9, 2012 - Posted by Advertising Department [The following is a paid advertisement.] The State of Illinois is in a budget crisis. Yet, satellite TV operators – who represent a third of the video provider market – pay no franchise or video service fees to support our communities and state. By exploiting this corporate tax loophole, satellite operators are taking their profits out of Illinois instead of paying the industry standard in franchise or video service fees. When customers watch television through a satellite or cable provider, what they get is largely the same experience. There is no reason why satellite providers should be permitted to exploit this corporate loophole. Twelve other states have successfully closed similar tax loopholes on satellite companies and in turn have worked towards more balanced government budgets. Here in Illinois, closing this loophole would bring much needed funding to Illinois education, including support for early childhood education, local K-12 school districts, and financial assistance for Illinois college students. Let’s ensure that everyone pays a fair share. There should be a level playing field for everybody to compete fairly – particularly when closing such loopholes will directly help Illinois students. Now is the Time to Support our Students and Communities. Vote Yes on HB 5440!
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Credit Union (noun) – an essential financial cooperative
Friday, Nov 9, 2012 - Posted by Advertising Department [The following is a paid advertisement.] Cooperatives can be formed to support producers such as farmers, purchasers such as independent business owners, and consumers such as electric coops and credit unions. Their primary purpose is to meet members’ needs through affordable goods and services of high quality. Cooperatives such as credit unions may look like other businesses in their operations and, like other businesses, can range in size. However, the cooperative structure is distinctively different regardless of size. As not-for-profit financial cooperatives, credit unions serve individuals with a common goal or interest. They are owned and democratically controlled by the people who use their services. Their board of directors consists of unpaid volunteers, elected by and from the membership. Members are owners who pool funds to help other members. After expenses and reserve requirements are met, net revenue is returned to members via lower loan and higher savings rates, lower costs and fees for services. It is the structure of credit unions, not their size or range of services that is the reason for their tax exempt status - and the reason why almost three million Illinois residents are among 95 million Americans who count on their local credit union everyday to reach their financial goals.
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