A Common Cause for Occupy Wall Street and the Tea Party?
It’s not often that the Occupy Wall Street and tea party movements see eye-to-eye, but a tax bill before the Illinois legislature is testing whether left and right can combine to limit corporate tax favoritism.
The proposal would give an estimated $85 million tax exemption to the Chicago Mercantile Exchange and Chicago Board of Trade and a $15 million annual break to Sears Holding Corp. to mitigate the state’s big tax increase earlier this year. It would also vastly expand the earned income tax credit. The bill sailed through the state Senate two weeks ago, but it was crushed in …
Click here to read full article (Subscription required)
Like this post? Chip in $5 to AFP.