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August 20, 2014, 5:41 am
970 WMAY News

Gov. Quinn Proposes Closing Corporate Tax Breaks To Pay Down Bills


Gov. Pat Quinn says proposed legislation to end some corporate tax breaks is the best way to help pay down $9 billion in overdue bills.

 

The governor told The Associated Press on Sunday that his plan is sound, even though last year he signed legislation approving tax breaks for Sears and CME, which had threatened to leave the state.

 

He says that was different because it saved thousands of jobs.

 

Business groups say Quinn’s push to close loopholes will drive more companies, and jobs, out of Illinois.

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