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Illinois Chamber President and CEO Todd Maisch released the
following statement on Governor Pritzker's Budget Address.
"The Illinois Chamber is opposed to the massive tax increase
proposed by the Governor’s budget plan under the guise of
"closing corporate loopholes." We understand that the state has
fiscal problems to address, however, the Governor’s plan will
have a long-term negative impact on job creation and tax
revenues for the state as it produces an unfair increase on
taxpayers after they resoundingly defeated the graduated income
tax. This not only will expand what will get taxed, but will
also reduce key tax credits for vital sectors of the economy."
"We know the administration faces a tough fiscal task. However,
these tax increase proposals will only paper over our short-term
problems but accelerate Illinois’ long-term economic crisis. In
particular of the many problems in the Governor’s proposals, a
particular concern is the elimination of the single sales factor
in assessing Illinois income tax. This misguided proposal has
the impact of increasing taxes on Illinois based businesses at a
time we can least afford it.”
[Illinois Chamber of Commerce]
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