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Proposed tax increases latest hurdle for Illinois businesses

Gov. J.B. Pritzker wants to close $932 million worth of “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 strengthen an economy battered by the pandemic.

Pritzker's tax plan: Closing corporate tax loopholes, or 'the best way to shoot yourself in the foot?'

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?'

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.

Pritzker's tax plan: Closing corporate tax loopholes, or 'the best way to shoot yourself in the foot?'

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.

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