In the News: Controversial tax credit elicits mixed responses from Illinois leadership, businesses

ILLINOIS NEWS NETWORK

The controversial Economic Development for a Growing Economy (EDGE) tax credit for select Illinois businesses could be extended beyond its expiration if the governor signs on, but opponents say there’s no way to determine the program’s success...

...state Rep. Jeanne Ives, R-Wheaton, said EDGE is a failed program. “This state has spent $1.3 billion to bring in 34,000 jobs through this tax credit since 2001, but overall Illinois is still down 100,000 jobs on net during this same time period,” she said.

Ives said EDGE should be reformed to include credits for all businesses — not a select few...

Click HERE to read the full story with video of Rep. Ives' remarks.

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