Republican nominee for governor Bruce Rauner says he wants to close loopholes that amount to “corporate tax welfare.”
Rauner’s latest set of proposals to balance the state budget includes reforms to state incentive programs that provide tax credits to businesses. He says sometimes businesses are getting those credits… even as they are laying off Illinois workers.
Rauner also wants to end some tax exemptions… including breaks given to oil companies, along with a sales tax exemption on the purchase of newsprint and ink by newspapers.
The Quinn campaign says Rauner is just rehashing proposals already put forward by the governor.