Madigan: Unlikely to back corporate tax breaks - Fox 2 News Headlines

Madigan: Unlikely to back corporate tax breaks

Posted: Updated:

CHAMPAIGN, Ill. (AP) - House Speaker Michael Madigan has sharply criticized corporate requests for tax breaks and says he's unlikely to support deals for companies that pay little in taxes.

The influential Democrat also said in a statement Wednesday he wants to review how Illinois decides who gets incentives.

Madigan's statement raises new doubts about legislation that would give breaks to Archer Daniels Midland Company and others. ADM and Office Depot are among a handful of companies that asked Illinois' legislature for tax breaks this year as they considered headquarters locations. That legislation stalled last week in the House.

Madigan said Illinois needs to "resist the temptation to cave to corporate officials' demands."

Office Depot on Tuesday chose Florida over Illinois. ADM plans to move its headquarters from Decatur but hasn't decided where.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Follow Us!

Share Your Photos & Video

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices