Tax-break expansion plan raises concerns, shrugs

By David Mercer

Published May 19, 2014 4:00am ET

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Tax-break expansion plan raises concerns, shrugs — The exterior of an Office Max store in Chicago. Illinois House Speaker Michael Madigan is pushing to give small companies in the state equal access to the tax breaks that big corporations have. The plan takes aim at special EDGE credits _ tax breaks a small number of big companies like Sears Holding Corp. and OfficeMax have sought by going directly to the General Assembly with threats to leave Illinois. Madigan's plan would make the tax credits available to businesses with fewer than 100 employees, and target credits at areas of high poverty and unemployment. (AP Photo/Charles Rex Arbogast, File) | Charles Rex Arbogast

CHAMPAIGN, Ill. — Illinois House Speaker Michael Madigan is pushing to give small companies equal access to tax breaks that big corporations have, but the proposal has been met with skepticism in the state’s business community, including about what effect it actually would have.

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Associated Press Budgets and Deficits Illinois Jobs Taxes