All Press Items

February 19, 2014

Crain’s Chicago Business article on “Real Reason Why Most Illinois Companies Don’t Pay State Income Taxes” regarding a new study commissioned by the Illinois Chamber of Commerce and the Taxpayers’ Federation, quotes Ralph Martire.  Paul Merrion’s article ends:

The findings are not that surprising, given that the vast majority of companies are small, said Ralph Martire, executive director of the Center for Tax and Budget Accountability, a Chicago-based group that advocates for a progressive individual income tax and other ideas to raise Illinois revenues.

While House Speaker Michael Madigan recently surprised many observers by calling for a big cut in corporate income taxes to create jobs, property taxes are a far bigger burden for most Illinois companies, Mr. Martire said. “This whole discussion on income taxes is just off point.”

Source: Crain's Chicago Business