As Illinois Suspends Corporate Tax Breaks, It's Time to Recognize How Special Treatment Undermines a Welcoming Economy for All
While the rest of the state is suffering, the film industry is enjoying sales- and income-tax breaks. But the film industry isn't alone in receiving special treatment from the state. Since 2001, Illinois has given out more than $1 billion to the biggest businesses in the state through the EDGE tax-credit program, which is meant to spur economic growth. It's not working.