High-Dollar Puppeteers
Our researcher Shannon has a good post over at Wonkish on the forces behind the big businesses groups raising hell in the state right now over the Governor's Healthcare/Education/Gross Receipts Tax proposal. She posed a fundamental question: Who does the State Chamber of Commerce represent?
The answer: Big Business. Well, not just big business. Big Out Of State Business.
The Chamber’s wallet is filled by multi-billion dollar corporations from out of state that have financial interest in Illinois - the same type of corporations Blagojevich claims have been skirting paying their share of taxes for too long. Take a look below at the Chamber’s main contributors (those who contributed over $5,000), and you will see some notable characters - Ameren, Harrah’s. Who among these would be most affected by the Gross Receipts Tax, and how much money are they willing to put up to stop it?
Now, we won't know who is funding the state chamber's current radio ad blitz and promotional tour around the state, but it is sure to be a similar cast of characters. Obviously, from a policy perspective, these corporations have a definite interest in defeating any proposal that shifts more responsibility toward their businesses. Additionally, being out of state, they won't benefit from any of the other items in the budget.
But, by donating to the Illinois Chamber, do these businesses taint that operation? Any effort by the Chamber to claim the mantle of defending small business becomes woefully transparent.
I'll put my question simply: Does it hurt the Illinois Chamber's argument to be associated with devil incarnate... er... Ameren right now?
10 comments:
Does it hurt the Chamber to represent Ameren?
hmmmm......
Does it hurt to sit on 1,000 cacti with your sun-burned bum?
Yes, yes, yes, people looking after their own interests is no surprise, but being ignored on the other side of the issue are the biggest campaign contributors in Illinois - the government employee and various unions. They are, have been, and will spend millions and millions of dollars pushing for tax increases and bigger government.
They are winning. The debate is about how much more to take out of the Illinois economy rather than how much Illinois workers can afford to pay for things like $150,000 pensions, sporting events, corporate subsidies, patronage and the wasteful like.
Business, big and small, creates jobs in this State.
Don't turn up your nose at that.
I'll agree Ameren is the devil, but for their lack of maintenance, not for pushing back against confiscatory taxes.
Let see if I am reading this right. Because (gasp) out of state business is defending itself from higher taxes, via the Chamber of Commerce, there is something taxpayers and small busines should be upset about?
The Left never stops demanding that taxpayers hold still while the government fleeces them.
JBP
"Business, big and small, creates jobs in this State."
I think the post was referencing OUT OF STATE businesses that make money in Illinois. They may create a few jobs, but they take far far more than they give.
Anon,
GRT hardly away to bring them into to the State either.
Corporate Tax should be zero. Tax people; not people's investment in jobs.
"OUT OF STATE businesses..make money in Illinois. They may create a few jobs, but they take far far more than they give"
Reminds me of Russel Long's couplet
'Don't tax you, don't tax me. Tax that fellow behind the tree.'
JBP
Hey Jeff, the average state pension is $16,000. I know you're more worried about taxing business and affecting a CEO's $20 million parachute. The Chamber is all about making the rich richer.
fairness,
Since when do our tax dollars go to CEO salaries? And is it possible you overlooked health insurance costs on your $16,000 figure?
If you don't like what a CEO is paid, don't buy stock in his company. If you don't like the State's wasteful spending, our choice is to...pay more taxes?
JBP
He also overlooks the average years of service for that $16,000/yr PLUS benefits. With 25 years of service what is the average pension they would retire with this year? That would be well over $50,000 with thousands getting pensions over $100,000 and hundreds over $200,000 per year.
CEO salaries have less to do with this than 19 year old union boss kids getting $45,000/year government jobs as deck inspectors.
Post a Comment