Blog

Budget Address: Close Corporate Tax Loopholes

By | Celeste Meiffren
Field Director

In his budget address today, Governor Pat Quinn called for closing corporate tax loopholes, saying ‘For too long, we’ve had a revenue code that looks like Swiss cheese, with plenty of loopholes for the powerful." With tough budget decisions facing the State, closing tax loopholes that serve no public purpose, is the right thing to do...

The expansion of blight

By | Celeste Meiffren
Field Director

A lot of people think that the quality of life and infrastructure in Chicago has really improved over the last few decades. But, the use of tax-increment financing, an economic development tool used to target "blight," has increased wildly over the last decade. So either "blight" is finding its way into most of our neighborhoods, or this program is egregiously misused. I wonder which one it is...

"PIRG Releases report on TIF in Chicago"

By | Celeste Meiffren
Field Director

Our friends at Good Jobs First, the national leader in research on the impact of economic subsidies, blogged about our new report on tax increment financing (TIF) in Chicago...

$5 million tax refund

By | Celeste Meiffren
Field Director

On Monday, Bank of America returned more than $5 million in subsidies to the City of Chicago because it hadn't delivered on its goal of creating 2,700 jobs.

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