House panel OKs tax breaks for Sears - DailyHerald.com
Shocker of shockers! IL/Chicago cronie capitialism waves it's ugly head again. Back when IL Gov Quinn announced IL would have one of the highest Corp taxes in the world, many Fortune 500 employers said adidos, we will take the relocation expense as a write-off.
Yet one by one stories started to break about IL giant sized corps getting back-door special deals zeroing out, reducing significantly or in Motorola's case giving a rebate to stay in IL!
So who is paying this tax increase? The small business C-Corps. Collectively large employers, who don't make headlines when individual ones leave, don't have lobbyist and who have a harder time relocating because of their profit sized, local business type, employee relocation or replacement cost etc.
The Democrats and Gov Quinn hold themselves out as the anti-big business and pro-small business politician. But all Quinn's tax deal did was raise taxes on small business and lower taxes on big business, while sticking the American Middle Class worker with one of the highest middle taxes income tax in the entire country.
House panel OKs tax breaks for Sears - DailyHerald.com
Shocker of shockers! IL/Chicago cronie capitialism waves it's ugly head again. Back when IL Gov Quinn announced IL would have one of the highest Corp taxes in the world, many Fortune 500 employers said adidos, we will take the relocation expense as a write-off.
Yet one by one stories started to break about IL giant sized corps getting back-door special deals zeroing out, reducing significantly or in Motorola's case giving a rebate to stay in IL!
So who is paying this tax increase? The small business C-Corps. Collectively large employers, who don't make headlines when individual ones leave, don't have lobbyist and who have a harder time relocating because of their profit sized, local business type, employee relocation or replacement cost etc.
The Democrats and Gov Quinn hold themselves out as the anti-big business and pro-small business politician. But all Quinn's tax deal did was raise taxes on small business and lower taxes on big business, while sticking the American Middle Class worker with one of the highest middle taxes income tax in the entire country.
House panel OKs tax breaks for Sears - DailyHerald.com