Smiddy: Illinois not bad for business

State must promote itself, lawmaker says

Text Size: AaAaAaAaAa
State Rep. Mike Smiddy
State Rep. Mike Smiddy
Buy Sauk Valley Media Photos »

STERLING – Illinois needs to do a better job promoting itself to businesses, a state lawmaker said Tuesday.

Rep. Mike Smiddy, D-Hillsdale, told a local audience that Illinois has the highest output for goods of any Midwestern state, adding that the state is “by no means raking in money and bringing in businesses.”

“Illinois is not bad for a business climate,” said Smiddy, who spoke at the Illinois Education Association hall in Sterling.

He noted other states have higher corporate income taxes, which makes doing businesses in Illinois more attractive.

Two years ago, Illinois increased its flat income tax by 2 percentage points. That increase is slated to sunset in 2015. Some suggest extending it.

Smiddy said that would be a bad idea.

“We need to keep our promises,” said Smiddy, who represents Whiteside County. “We haven’t been good at that lately.”

State lawmakers are talking about putting a constitutional amendment before voters allowing a graduated income tax, meaning that rates will increase for higher incomes.

Smiddy said he supported letting voters vote on the amendment. While he declined to state his position on the issue, he said the state should consider it.

As for the pension crisis, he informed the audience, mostly made up of teachers, that some meetings of leaders are taking place on the issue. But he said that’s the wrong approach. Rather, he said the state needs to involve all stakeholders.

“If we don’t involve everyone, it’ll go to court,” Smiddy said. “They’ll pass something unconstitutional, and it’ll be tied up in court for several years, kicking the can down the road.”

He said an influx of new members to the state House and Senate will likely change things in Springfield. He said he and others received no help from the state Democratic Party establishment in their elections, so they weren’t beholden to it.

“When they come knocking, we don’t have to say yes,” Smiddy said.

With coming retirements, Smiddy expected leadership changes after the next election. Asked if he were suggesting that longtime House Speaker Michael Madigan needed to go, he said he wasn’t saying that.

Previous Page|1||

Comments

Blogs

» Extra! Extra! - A blog by Chris Heimerman
Extra! Extra! - A blog by Chris Heimerman

Knowledge is power, right?

Bryan Frederick is a Lifestyle Medicine Instructor at CGH Medical Center, and he's got me thinking and re-thinking my approach to weight loss.
» Out Here
Out Here

Why the need for middleman?

The other day, we ran a story about the Dixon Tourism Board's website, which is hard to navigate and missing key information, particularly about the Petunia Festival. Are we wasting our time examining local tourism websites?

Reader Poll

Have you ever gone boating on the Rock River?

Yes
No