Op-Ed: Pritzker gets his electric moves on in Scotland – Center Square

Brad Weisenstein, of the Illinois Policy Institute: "But if you are an electric car manufacturer, there may be a few questions you should ask Illinois’ climate-friendly governor before investing millions in the state. After the five years is up, what happens to those corporate taxes...In a few years, those electric car manufacturers will be subject to the same bleak business environment as every other manufacturer in the state. Since 1990, Illinois has lost nearly 370,000 manufacturing jobs, a 40% decline compared to the 31% decline nationwide."
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The Paraclete
4 years ago

Thinking that far into the future is painful and confusing. Invest in Illinois. We’ll make it possible to make money for five years. When the tax breaks expire you should have enough money to abandon the business and retire or run the scam again, just change your name.

NB-Chicago
4 years ago

But isn’t rivian building thier new multi billion $ plant in texas, not Illinois, with +$400 mil tax breaks from state of Texas that will make rivian plant in normal ill look like peanuts in comparison. Additionally if Congress doesn’t pass bbb with tax subsidies to UNION built evs than texan rivian plant location looks even more attractive over union friendly Illinois for ev manufacturers.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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