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1950Brutus - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
I think Carl is on his last legs and will be gone - none too soon. As for Dick M - finding out why he got ousted falls in the category of looking a gift weasel in the mouth. I will take this opportunity to repeat my creed - there is no such thing as a wasted vote if you vote for what you believe in.
DaveVictor - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
So, those of using private haulers, who have been subsidizing garbage pick up for years for those who chose to use stickers, now get to pay even more? This isn't going to end well for the Kyle administration.
Givemeliberty - REBEL MEDIA: Bush v. Clinton...yawn - Quincy, IL News - QuincyJournal.com
Been saying this for a couple years now, and I really heard about it last election cycle because I voted for Grimm instead of one of our two Chicago choices. Keep the faith, we're never gonna get a good candidate untill we start to peel off the "I voted for the lesser of two evils" cowards, and get them on our side. I always wondered why Dick Morris lost his job at FOX (as he should have)…
1950Brutus - \'Interview\' pulled after threat; U.S. says North Korea behind Sony hack - Quincy, IL News - Quincy
I decided to hold off prejudging the movie as "crap" but if I was betting money I would bet it is crap. Only thing that could save it "gratuitous nudity".
Givemeliberty - Mayor Moore talks garbage...again - Quincy, IL News - QuincyJournal.com
I have been thinking the same thing, is there a $1000 tax in the works for UPS, FedEx and DHL? Maybe the Federal Government should take a page out of this administrations play book and levy a tax on their competitors trucks. and I am with you on the list of customers, that seems to be serious overreach on the part of any government. The s**t storm of the city rejecting privatization just keeps…

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Are Illinois’ $1.5 billion in tax giveaways working?

10 months, 1 week ago by Ben Yount, Illinois Watchdog

Illinois’ economic development office insists its numbers show tax incentives do indeed work and produce jobs

Illinois is two months into an ongoing investigation over whether $1.5 billion in tax breaks and tax incentives are working.

The answer is definitively indefinitive: We don’t know.

“I have not seen anything that, verifiably, show these things work,” said state Rep. Jack Franks, D-Woodstock, in charge of one of two statehouse committees investigating the incentives.

But Illinois’ economic development office insists its numbers show tax incentives do indeed work and produce jobs.

The numbers from the Illinois Department of Commerce and Economic Opportunity claim tax incentives helped create 4,671 jobs and bring in business investments worth nearly $3.7 billion in 2012.

Franks isn’t buying it.

“DCEO (argues) somehow there is a 4 /12-time return on investment,” Franks said. “But two weeks ago they argued it was an eight-time return on investment.”

Franks said it’s not just that numbers change, but even the state’s success stories aren’t all that successful.

“Even though DCEO has given 770 economic incentives contracts, less than 300 of them have ever been fulfilled,” Franks said. “And very few go to the vast majority of our businesses. Ninety seven percent of our businesses are 20 employees or less, and less than 10 percent of those companies have (gotten an incentive).”

Categories of tax breaks vary, from manufacturers who buy new machines to retail stores that collect sales taxes to big companies that want special treatment to move to Chicago. If they don’t work for most businesses in Illinois, then who do they work for?

Ted Dabrowksi, vice president of policy for the Illinois Policy Institute, said the select few companies with enough clout to get a sweetheart deal are beneficiaries.

“If a company is receiving hundreds of millions of dollars in benefits, sure it’s working for them,” Dabrowski said. “But we have to ask he question: ‘Who is paying for that?’.”

The Illinois Legislature’s Commission on Government Forecasting and Accountability said taxpayers ultimately foot the bill.

“With over $1.15 billion in business-related tax expenditures currently offered, the cost of these job-enticing dollars are significant,” a COGFA report on tax incentivesstates. “The difficult question becomes, are these tax incentives really worth the cost?”

Franks has doubts.

“The only reason we should be having these incentives for businesses is to create jobs,” Franks said.

Illinois Gov. Pat Quinn’s administration insists the state is creating jobs.

“We are a net importer of jobs,” DCEO director Adam Pollet told lawmakers Wednesday. “We gained 1,400 jobs from business relocation in 2012.”

But Illinois’ unemployment rate, at 8.2 percent, is nearly two points higher than our neighbors and the rest of the nation.


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