CRONY CAPITALISM: OFFICEMAX WANTS TAX BREAKS TO STAY IN ILLINOIS

Illinois Review

SPRINGFIELD, IL (AP) – OfficeMax Inc. is asking the state of Illinois for tax breaks to keep the company’s headquarters in-state after the office supply chain’s merger with Office Depot Inc. is complete.

OfficeMax CEO Ravi Saligram and Democrat State Sen. Tom Cullerton made their pitch Tuesday during a hearing on the state’s pension crisis.

Democrat Gov. Pat Quinn signed similar legislation in 2011 that gave Sears and other companies more than $100 million in taxpayer and small-business subsidies when they threatened to leave the state.

Advertisements
This entry was posted in Crony Capitalism. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s