The more tax money that is given to businesses, the less there is to spend on schools, local governments, and corrections. Tax expenditures are provisions in the tax code that reduce or eliminate certain tax liabilities. This does not include the multitude of state grants, low-interest loans, as well as county and local abatements and giveaways. Taxpayers get hit again when some of these companies pack up and leave or slash their workforce. The public has a right to know.
Businesses have to be held accountable.
Addressing the Problem 1. Disclosure and Reporting 2. As advocates of the people, government agencies are charged with making sure our tax dollars are put to their optimum use. Annual reporting requirements, progress reports and tabulation by the state of Illinois would lead to effective monitoring and good, solid analysis of the actual impact of corporate tax incentives. Any deal that would pull existing wages substantially down would be automatically disqualified.