Posts

GuzzardiPresser

Bill Introduced to Close Corporate Loopholes and Raise $924 Million for IL

by
News Source:

On March 10th, International Women’s Day, Representative Will Guzzardi introduced HB4004 to raise $924 million by closing nine corporate tax loopholes. Illinois’ backlog of unpaid bills has grown to $11 billion and the general fund’s deficit is now $9.5 billion. Budget cuts have a disproportionate impact on women — denying them opportunity to go to college, failing to support female caregivers, robbing female seniors of independence and dignity, endangering women’s safety, and increasing poverty and homelessness among women.

“It’s a moral failure that we’re letting the neediest among us suffer while huge corporations game the system to boost their profits,” said Rep. Guzzardi. “The nearly $1 billion dollars of loopholes we can close will take taxpayer money back from the corporate special interests and invest it where it belongs: in the people of Illinois, in our schools and roads and neighborhoods.”

The bill proposes:

Check out Fair Economy Illinois for more information about HB4004 .