State News
1:56 pm
Fri October 4, 2013

Gov. Quinn against giving ADM tax incentives to stay in Il

When lawmakers return to Springfield for their fall session later this month, they'll be weighing requests from several international companies that want tax breaks for keeping their headquarters in Illinois. But as IPR'S Brian Mackey reports, Governor Pat Quinn is throwing cold water on that idea.

Most of the tax-credit attention has gone to agribusiness giant Archer Daniels Midland, which wants up to $24 million to keep its global head office in Illinois. But lawmakers have also heard requests from Zurich Insurance, based in Schaumburg, and OfficeMax, based in Naperville, and there are others.  Gov. Quinn, however, says pensions need to come first.

"I think we need to have a moratorium on any special legislation for tax breaks for corporations. We have to focus on pension reform."

Labor unions were quick to lash out at Quinn. They say he's essentially "[taking] the life savings" of government workers so that money can later be used for what the union calls "corporate welfare." The companies have been getting a mixed reaction from lawmakers. Some say they don't want to be extorted for tax breaks by businesses that might stay in Illinois even without the help.