Illinois’ film tax credit program is a slap in the face to the state’s small business community outside the spotlight, does little to grow good jobs and is rife with corruption.
Chicago is a great place to make a movie. Tom Cruise got his big break in the North Shore-based drama “Risky Business,” and comedy star Vince Vaughn claims the Windy City as his home. Film favorites ranging from “Ferris Buehler’s Day Off” to “The Untouchables” and the annual Christmas viewing requirement that is “Home Alone”...
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...