At last, Illinois lawmakers voted Tuesday to give CME and Sears $100 million in combined tax breaks, as well as substantial tax breaks to the working poor.
Mayor Rahm Emanuel released the following statement in response to the bills passing:
"I am grateful to the Illinois Senate, and Illinois House for its action yesterday, for the final passage of a tax reform package that will protect jobs, provide much deserved tax relief to Chicago’s working families and single mothers and will keep the CME Group where it belongs, here in the city. With passage of these tax reforms, Illinois is modernizing its tax policy to reflect our changing economy and to match the economic strengths that make Chicago the best city in America to start a business and raise a family."
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