A case study on the insider’s game of EDGE tax credits

Illinois taxpayers are the ones who must ultimately pay the price for crony deals.

Illinois’ Economic Development for a Growing Economy, or EDGE, tax credit program has been making the news from time to time during recent months, mostly in the context of discussions on how to reform Illinois taxes and grow Illinois’ economy simultaneously. The program is on the chopping block. Notably, talk of changes to the EDGE...

by Wesley Fox Governor Quinn recently announced a new $7 million “business investment package” that will keep U.S. Cellular’s headquarters in Illinois.  The package is part of the state’s Economic Development for a Growing Economy Tax Credit Program (EDGE).  The program provides tax credits to companies that promise to make capital investments within the state and create 25 new...