Illinois Grassroots Legislative Agenda

We Are All Tax Payers:
REVENUE GENERATION PLATFORM
STOP TAX BREAKS TO THE RICH AND BIG CORPORATIONS—
$726 Million
Maintain the current Illinois Depreciation policy. Don’t give Corporations a $260 million tax cut: Now is not the time to cut corporations’ taxes.
Maintain current Illinois Estate Tax policy. Don’t give the richest 2% a 1.2 billion tax cut over 5 years
Shorten the Time for Loss Deductions, don’t let corporations carry current losses back or forward —Don’t give rich corporations a $163 million tax break
Repeal the Single Sales Factor-— Generate $96 million in new revenue by taxing multinational corporations, like Motorola, Ameritech, Archer Daniels Midland, their fair share
Reduce the Retailers Discount for Collecting Sales Tax –Recapture $67 million in tax revenue from WallMart and other Big Box realtors.
Suspend public subsidies to the horse racing industry–Generate $39.6 million in savings from Arlington Park and other Race track ownersLiving wages for all workers employed through state contracts in IllinoisExtend unemployment benefits from 26 weeks to 39 weeks