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Question of the day
Tuesday, Oct 1, 2013 - Posted by Rich Miller * Do you believe Gov. Pat Quinn will be reelected? Take the poll and then explain your answer in comments, please. survey solution
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Isn’t there enough misinformation without stuff like this?
Tuesday, Oct 1, 2013 - Posted by Rich Miller * The AP needs a babysitter in its Chicago office. To wit…
Actually, those were problems with the national website, as reported by the Tribune and others today, not with the state site. The error rate at that Chicago AP office is getting really high and I’ve been meaning to write about it, so now’s a good time to start. They did change the copy, although without admitting the original mistake…
Sheesh. * There was one problem with the Illinois site…
I saw that as well today and it puzzled me, especially since that question had a lot to do with whether you were then directed to the state’s Medicaid site or the federal Obamacare site. Anyone else having problems with either the state or federal sites today? …Adding… The media hype about overloaded websites is a bit puzzling to me. When people stand in line for hours to buy an iPhone that is out of stock by the time they get to the front of the line it’s evidence of Apple’s amazing popularity. When it takes forever to download a new iPhone operating system, it’s because Apple is so darned popular. These are first-day glitches. If the problem persists, then it’s an issue.
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Rauner raises over a million dollars in third quarter
Tuesday, Oct 1, 2013 - Posted by Rich Miller * From a press release…
No word on his current cash on hand. * Meanwhile, Dan Rutherford’s tweet doesn’t say how much he actually raised in the quarter…
Rutherford ended the last quarter with $1,020,373.25 cash on hand, so he’s up only a net of $200K. * I’ll update this post with any other major fundraising press releases today.
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Some ADM context
Tuesday, Oct 1, 2013 - Posted by Rich Miller * The House Revenue Committee is meeting today to talk about various corporate tax breaks. Watch it live. ADM’s fiscal officer was asked why the company didn’t just use existing tax law to underwrite its move to Chicago. ADM has dropped its request for a cut to its public utility taxes, but does want an EDGE credit. His response…
The EDGE credit allows corporations which are creating some jobs to essentially pocket the state income taxes they withhold from their employees’ paychecks. Why? Because so many corporations don’t pay much, if any, state income taxes here. The company officer estimated that the EDGE credit it is seeking for its Chicago move (200 employees, including 100 new workers) is about $1.2 million a year. The company’s annual earnings, the officer said, average between $1-2 billion a year. So, ADM, one of the the largest companies in the state, is paying less than $1.2 million in state income taxes in at least some years. And that’s why the company’s guy dodged Rep. Dave McSweeney’s question about whether ADM would help him support lower tax rates in general. The simple fact is they don’t pay a lot of income taxes here. Lower overall rates just won’t matter.
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Today’s numbers
Tuesday, Oct 1, 2013 - Posted by Rich Miller * AP…
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Irony of ironies
Tuesday, Oct 1, 2013 - Posted by Rich Miller
* It gets even “better” than that. As I mentioned briefly to subscribers this morning, David Ormsby’s Illinois Observer reported today that another tax break bill is now in the hopper to benefit insurance giant and Schaumburg-based Zurich North America (click here to subscribe to Ormsby’s publication). Chief Executive Officer of Zurich North America and Regional Chairman is Michael Foley. And wouldn’t you know it, Mr. Foley also sits on the board of directors of the Civic Committee, which as we all know has been pushing hard to reduce pension benefits for public employees and retirees. The comments pretty much write themselves. * Related…
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Question of the day
Tuesday, Oct 1, 2013 - Posted by Rich Miller * Your one-word response to the federal government shutdown? Please keep your answers to one word only. Thanks.
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Protected: SUBSCRIBERS ONLY - Supplement to today’s edition and a campaign roundup
Tuesday, Oct 1, 2013 - Posted by Rich Miller
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Protected: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)
Tuesday, Oct 1, 2013 - Posted by Rich Miller
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