Friday, April 10, 2015

Rauner's $100 million in corporate tax breaks drawing fire | Chicago

 

Gov. Bruce Rauner’s decision to approve $100 million in corporate tax breaks is drawing fire from critics after the Republican six days ago yanked funding for a series of social programs, including funerals for the indigent, immigration, autism and HIV services.

His administration says the business incentives — for companies such as eBay, CapitalOne, CDW and SAC Wireless — were promised under Gov. Pat Quinn and will not affect this year’s budget.

“These commitments were made by the Quinn administration and were allowed to continue because they have no impact on the current Fiscal Year,”  spokeswoman Lyndsey Walters said in an emailed statement.

Quinn’s administration had already committed to giving out those tax incentives, but paperwork was still being processed, Rauner’s office said. The Department of Commerce and Economic Opportunity reviewed the incentives and signed off on releasing the money.

News of the corporate tax breaks spurred a petition on Move.org.

“Giving tax breaks to big corporations while slashing millions from the services our most vulnerable citizens rely upon is beyond the pale,”  said Aviva Bowen, spokeswoman for Illinois Federation of Teachers. “Cutting funding for autism, homelessness, parks, and after-school programs before asking the most wealthy to chip in a dime is completely out of touch with what Illinois wants or deserves.”

On Friday, Rauner announced $26 million in immediate cuts to social services, including $7 million for funerals and burials for public aid recipients, funds for immigrant services, autism services and other programs.

Rauner's $100 million in corporate tax breaks drawing fire | Chicago

No comments: