Time For Tax Brakes
Walter Moore asks the right question on his Facebook page: "How furious would you be if you owned a tax-paying company in Illinois that is NOT getting bribed to stay there, but is instead being taxed to pay for this?"
He's asking it about this ChiTrib story by Kathy Bergin and Wallin Wong. The headline:
$100 million keeps Motorola Mobility in Illinois Illinois boosts tax incentives in 10-year deal to keep smartphone company in Libertyville
And an excerpt from the story:
Gov. Pat Quinn put up more than $100 million in financial incentives to persuade smartphone company Motorola Mobility to keep its corporate headquarters in Libertyville -- the largest package he has offered a company to date and a signal of how badly the state wants to hold on to high-tech jobs.To persuade the maker of mobile devices and cable TV set-top boxes to stay, rather than move to California or Texas, state lawmakers sweetened terms of its tax-credit incentive program as it has for automakers, including Mitsubishi, and truck- and engine-manufacturers, including Navistar International Corp.
Navistar landed a $64.7 million package last year to keep its headquarters in Illinois, the second-largest deal during Quinn's tenure.
Move to California? We have the palm trees -- and lawmakers taxing the paint off businesses.
Meanwhile, Walter presciently blogs:
Your Guide To Fleeing L.A.: Costco Locations In America
As you consider where to re-locate upon fleeing Los Angeles, you may want to make sure there's a Costco nearby







I love it when I drive towards Chicago, there are billboards along I-90 for the campaign "Wisconsin is open for business". The fact that these are along I-90 is hilarious in and of itself, what a government shakedown the tollway has turned out to be.
FatWallet.com is an Amazon affiliate. They were not far from me in Northern Illinois. They're in the process of pulling up stakes and hopping 5 miles north over the border in Beloit, WI, saying buh-BYE!!! with an extended middle finger. So it looks like this corporate tax increase is like Obamacare- if you posture tough and blow enough air, you can get a waiver.....
Juliana at May 9, 2011 4:11 AM
If some companies are in a position to pressure the state for reduced tax rates, doesn't that leave other companies paying more toward state expenses. Isn't this redistribution via other means?
nuzltr2 at May 9, 2011 8:58 AM
Hows about no taxes on corperate gains(as they are jut passed on to the consumer anyway) and no property tax breaks for corperations EVER?
lujlp at May 9, 2011 9:57 AM
Well, c'mon, loojy, you know why - it makes too damn much sense!
Flynne at May 9, 2011 11:57 AM
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