Posts tagged "tax breaks"

CME's political contributions to Illinois' power brokers pay off

Steve Bogira  at the Reader details how the some–shall we say?–farsighted campaign contributions by CME to House Speaker Michael Madigan, Chicago Mayor Rahm Emanuel, Gov. Pat Quinn and Ald. Ed Burke might help explain why the financial giant successfully–dare I say–extorted a bribe from Illinois not to move out of state. Explains Bogira: Just since 2010, CME’s... Read more »

Cost of Illinois tax breaks grows as support for them wanes.

That’s according to the Illinois Statehouse News which reports: A tax break package meant to boost a business community hit by the Great Recession could cost the state $848 million in just three years. The only funding source specifically outlined to date for the package is a change to the Illinois tax code that would bring in $571... Read more »
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