Chicago Politics - Provide Backdoor Deals

Discussion in 'Economy' started by GHook93, Jun 20, 2011.

  1. GHook93
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    GHook93 Aristotle

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    I first heard about this from a Republican State legislator, and S-Corp Stakeholder/Owner, on the radio. What he said is Democrats raised the corporate tax and personal income tax on all the small and med business in IL and actually LOWERED the large business. He talked specifically about Motorola. Motorola was one of the HEADLINE companies saying they were planning on leaving if the tax was raised. So what did Quinn do, gave them a backdoor deal worth $100 mil (basically gave them a State Corp tax cut to 0%). Same thing happen with Caterpillar. When Caterpillar announce it was leaving Illinois, Quinn personally made a call to keep them. He did the same thing, basically cut their corporate tax rate to 0%). The funny thing is these companies aren't hiring and still shipping many jobs overseas.

    Which companies aren't get these back door deals? The S-Corps, LLC, LP (all which are hit with the personal income tax) and the small C-Corps. These are the companies that are hiring. These are the companies that will bring jobs to IL. Yet Quinn doesn't care about them, even though the Democrats supposedly work for the little man!

    Why doesn't he care about them:
    (1) When companies the size Caterpillar even threatens to leave, they make the head of the wall street journal, but when a company with 100-200 employees actually does leave, it doesn't even make the local papers.

    (2) Relocation costs deter small businesses more than large ones. Large ones can write it off against profits for lower Federal taxes and break even. Smaller Corps usually don't have profits high enough, so they end up in the red.

    (3) Small corps don't have lobbist. Larges corps do.

    (4) Large Corps make huge campaign contributions, small corps make small ones!


    The sheep that Democrats fool, think they are sticking it to the large corps. That Quinn and the Democrats are making them pay their fair share. When in fact they lower the taxes on the headline making corps and raise it on everyone else!

     
  2. GHook93
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    GHook93 Aristotle

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    More on Chicago politics. See the Democrats low big business. They put small businesses are at a huge disadvantage against them. Yet they protray themselves as helping the little man! :eek:

     
  3. GHook93
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    GHook93 Aristotle

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    The Newspaper HEADLINE companies that aren't getting backdoor deals by Don Quinn are in fact moving out of the state and quicker than expected!

    Sames words different article!
     
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    Last edited: Jun 20, 2011
  4. GHook93
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    GHook93 Aristotle

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    How do you like the IL tax increase now?
     

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