Pritzker’s tax plan: Closing corporate tax loopholes, or ‘the best way to shoot yourself in the foot?’ Ryan Ori and Lauren Zumbach, Chicago Tribune © Stacey Wescott / Chicago Tribune/Chicago Tribune/TNS Metal eyeglass frame at State Optical s factory on Feb. 19, 2021 in Vernon Hills.
Gov. J.B. Pritzker wants to close $932 million of what he called “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to land relocating jobs and strengthen an economy battered by the pandemic.
Trade groups spoke out against Pritzker’s plan after it was announced Wednesday, saying businesses are struggling even without new costs.
Pritzker s tax plan: Closing corporate tax loopholes, or the best way to shoot yourself in the foot?
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Pritzker s tax plan: Closing corporate tax loopholes, or the best way to shoot yourself in the foot?
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Concerns about a lack of transparency and the University budget sparked debate during the January Faculty Senate meeting.
Faculty Senate President Therese McGuire delivered the Executive Committee’s response to the NU-AAUP report, which criticized several of the University’s academic decisions.
“We concur that there is room for improvement on the part of the administration, in terms of transparency consultation with the faculty in decision-making,” McGuire said. “However, we have a more tempered view of the situation than the authors of the report.”
McGuire cited both the difficulty of decision making during a pandemic and the existing routes of communication between the administration and the faculty as reasons for the committee’s more moderate response.