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Gov. J.B. Pritzker wants to close $932 million worth of “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to strengthen an economy battered by the pandemic.
Pritzker’s tax plan: Closing corporate tax loopholes, or ‘the best way to shoot yourself in the foot?’ Ryan Ori and Lauren Zumbach, Chicago Tribune © Stacey Wescott / Chicago Tribune/Chicago Tribune/TNS Metal eyeglass frame at State Optical's factory on Feb. 19, 2021 in Vernon Hills. Gov. J.B. Pritzker wants to close $932 million of what he called “corporate tax loopholes” to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up to land relocating jobs and strengthen an economy batter...