CHICAGO (AP) – Gov. Pat Quinn is brushing off proposals by Republican challenger Bruce Rauner that call for ending some corporate tax breaks and “special deals” he claims are unfair to families.
Quinn told reporters Thursday that he’s worked on several of the ideas for years. The Chicago Democrat says closing tax loopholes has been a goal.
Rauner’s plan calls for capping a program that provides tax credits for companies to keep jobs in Illinois. He also says Illinois should end tax breaks for the oil industry and a sales tax exemption for newsprint and ink, among others.
The Winnetka businessman has called it his proposal for “corporate welfare reform.”
Quinn made a dig at the wealthy venture capitalist Thursday, saying it was aptly named because Rauner is a “beneficiary of corporate welfare.”