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August 24, 2015

Change in Corporate Income Tax Floated

“Tax loopholes": it’s a nebulous phrase that often gets tossed around, but nobody really knows what it entails. Chicago Tonight has learned that a new bill will be filed, perhaps this week, by Democratic state Rep. Jack Franks. According to Franks’ estimates, that bill would close $3 billion in loopholes and will bring in new revenue without cuts or tax hikes.

Source: WTTW Chicago Tonight