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Reactions differ to Pritzker s proposed corporate tax changes | Government and Politics

SARAH MANSUR Capitol News Illinois SPRINGFIELD — Gov. J.B. Pritzker’s proposed $41.6 billion spending plan for the coming fiscal year relies, in part, on ending nine tax incentives for businesses in an effort to preserve an estimated $932 million in state revenues. However, Pritzker’s proposal to end what he called “unaffordable corporate loopholes” would require action by the Illinois General Assembly. “This will be one of the most challenging budgets this government has ever had to craft, but I know there are willing partners in the General Assembly,” Pritzker said during his prerecorded budget address on Wednesday, adding that General Assembly members incorporated their ideas, “like cutting corporate loopholes that force the middle class to pay more.”

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