Among corporate loopholes on the cutting block: private school scholarships myjournalcourier.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myjournalcourier.com Daily Mail and Mail on Sunday newspapers.
Normal, IL, USA / www.cities929.com
Feb 19, 2021 2:11 PM
(The Center Square) – Groups impacted by what the governor calls “corporate loopholes” are speaking out against the proposals to end the programs.
To balance his proposed budget, Gov. J.B. Pritzker wants lawmakers to modify several programs.
One initiative the governor laid out was to reset the tax credit for private school scholarships at 40%. Pritzker’s budget documents listed that as a “corporate loophole.”
“This is not a corporate loophole,” Catholic Conference of Illinois’ Zach Wichmann told WMAY. “Its allowed individuals to donate to a program, the only state program that’s serving low-income and working-class families’ kids, to allow them to choose whatever school they want, whatever school is best for them, and in the middle of this pandemic, honestly, the schools that have been in five days a week, everyday since August for in-person learning. It’s an important program that should be expa
Business groups oppose cuts to tax incentives
Associations representing an array of businesses in Illinois are opposing the governor’s move to end nearly a billion dollars of business tax incentives.
The Illinois Manufacturers’ Association said the move to end nine programs the governor called “corporate loopholes” is the wrong direction.
The Illinois Retail Merchants’ Association said ending the programs compounds costs of three minimum wage increases during the pandemic.
Any changes to the tax code require legislative approval.
Illinois GOP outlines recovery plans
While Gov. J.B. Pritzker and Democrats criticize Illinois Republicans for not having plans to recover from the economy, members of the super minority party say Democrats aren’t listening.