Tax break proposal meets resistance from business community
CHAMPAIGN - A proposal that would change the way the state gives tax breaks to companies is being opposed by Illinois' business community.
The plan, introduced by Illinois House Speaker Michael Madigan, would make the tax credits available to businesses in areas of high poverty and unemployment with fewer than 100 employees. However, small business owners say the credits might have little impact on their decisions.
According to Madigan spokesman Steve Brown, Madigan was driven in part by concern over the deals that bigger companies were trying to secure with the general assembly.