Thursday, February 19, 2004

Cal Skinner's take on the Blagojevich budget

Former state legislator (and Libertarian candidate for governor) Cal Skinner writes for and he has an insightful take here on Governor Blagojevich's call to close some corporate tax loopholes.

Most interesting points: there's currently a $300-$400 million corporate welfare loophole for Archer Daniels Midland through a state ethanol tax break which is untouched by Blagojevich, there's no state sales tax imposed on farm and manufacturing machinery and -- most intriguingly -- business used to pay more than 20 percent of the state's income tax, and now they only pay 12 percent. So pony up! I'm sick of paying for you, Illinois business.

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