Issue Position: Bringing Business Back to Illinois

Issue Position

* OVERVIEW:

* Illinois increased the Corporate tax rate 45%.

* Illinois increased the Personal Income tax rate 67%.

* Unemployment is currently at 10%.

* Companies like Sears, CME Group, Motorola are threatening to leave our state

* MY VIEW ON THE CURRENT BUSINESS ENVIRONMENT:

*The key to retaining businesses in Illinois is to maintain a level of taxation and regulatory oversight to fund governmental operations.

* We need to ensure that we take care of the core mission of state government while providing a safety net for the most vulnerable in our society -- children, the elderly, the disabled and the indigent.

* Businesses and individuals can flourish to their full potential if we let them operate to their highest ability in a free market.

* I do not support large incentives to private companies and would prefer that those same funds be used to retain and attract small businesses, which make up the bulk of the business revenue to the state.

* BRINGING BUSINESS BACK TO ILLINOIS PLAN:

* Construction of Peotone Airport

* Workman's Compensation Reform

* Pension Reform

* Expand tax credits to companies that bring technology and innovation jobs to Illinois.

* Create "Tax Increment Financing (TIF) - like" districts specifically for areas zoned for technology and innovation development.

* Create a tax incentive program for companies that bring "Green" manufacturing jobs to Illinois.

Source