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July 29, 2014, 5:45 am
970 WMAY News

Gov. Quinn Remains Quiet on Plan to Slash Corporate Tax Rate


House Speaker Mike Madigan’s proposal to slash a key corporate tax in the state is getting a lukewarm reception.

 

Governor Pat Quinn isn’t saying yet where he stands on the proposal.

 

But even the biggest anti-tax voices in the state aren’t entirely sold on the proposal.

 

They say most small businesses wouldn’t benefit, because their owners pay personal income taxes, not corporate taxes.

 

Some Republicans wonder whether Madigan’s proposal will be followed by a plan to move Illinois to a graduated income tax.

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