Washing Rahm’s Windows, Calling for Corporate Tax Transparency

While corporations are “cleaning up” with secret tax-breaks, we are paying the price for corporate tax dodging in the form of increased taxes and fees, cuts to city services, school closures and crumbling infrastructure.

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The Chicago Corporate Responsibility and Tax Disclosure Act would require corporations that get subsidies from or do business with the city to disclose how much they pay in state corporate income tax and what special tax breaks they use to reduce their payments.

But Mayor Emanuel has been dragging his feet in offering his support for corporate tax transparency. So we’re going to ask Rahm what he’s hiding and help bring a little transparency to his office by washing the glass doors to his office.

Washing Rahm’s Windows, Calling for Corporate Tax Transparency

10 a.m. – 11:15 a.m. on Thursday, September 25

Chicago Temple, 77 W. Washington Ave., 2nd Floor

We’ll meet at the Chicago Temple and march over to Emanuel’s office as a group.

Last year, the City of Chicago’s share of Illinois’ corporate income tax revenue was $390 million. Yet fully two-thirds of corporations doing business in Illinois pay NO state corporate income tax. Chicago is likely losing tens of millions of dollars in per year in revenue to corporate tax dodging at the state level.

When corporations profit from special tax breaks, the city must raise taxes and fees on regular citizens and cut important services. Here are a few examples:
•Red light cameras cost Chicagoans more than $71 million per year (and almost $500 million since 2007)
•Pothole and street repair from the 2013-2014 winter could cost as much as $200 million (as estimated by Mayor Emanuel)
•Chicago cut $6.7 million per year from Chicago Public Library’s budget in 2012
•Chicago closed six mental health clinics with the hope of saving $2.2 million per year in 2012

What good things would YOU like Chicago to do with tens of millions of dollars in extra revenue? The first step in restoring this revenue is to know where its going instead, so I hope to see you on Thursday!

Sincerely,

David Hatch, Executive Director

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Rev. Dwight Gardner, Hope in an Age of Crisis. 3000 gather for Equality!

“Dr. King had a radical vision that racial equality cannot be achieved without economic equality and that an economy that leaves tens of millions of people of all races struggling to make ends meet must be restructured,” said Rev. Dwight Gardner of Trinity Baptist in Gary, IN, the event’s keynote speaker. At the gathering, called “Hope in an Age of Crisis: Reclaiming Dr. King’s Radical Vision for Economic Equality,” elected officials will pledge to move legislation that promotes racial income equality at the federal, state and local levels. The event will feature a stirring sermon and music from the Civil Rights Movement. St. Michael the Archangel Catholic Church at 8235 S South Shore Drive, Chicago. Sunday, January 19, 2014.

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Revolution and Beer TV Show 3: Who’s Paying Their Share

On Saturday March 30th, we gathered with a much larger and very boisterous crowd at Leadway Bar and Grill, 5233 N. Damen. Joining us for the taping of our 3rd TV show were David Hatch from the People’s Lobby, Kristi Sanford from A Just harvest, Toby Chow from Fair economy Illinois, and Michaela Lovegood from IIRON. We had an awesome time discussing corporate tax cheats and the politicians you love them in Illinois–over beer of course.

Don’t forget to sign the Fair Economy Illinois’ petition for The Illinois Corporate Tax Disclosure and Responsibility Act (HB3627 link below.)
http://www.faireconomyillinois.org/close-illinois-corporate-tax-loopholes/

This is a simple piece of legislation that provides for transparency. It asks that all publicly traded corporations disclose the amount of corporate income taxes they pay to the State of Illinois. These corporations’ taxes would be disclosed to the general public via the Internet a full 2 years after the fact.

Special thanks again to Sandra J Alvillar .AGAIN for the beautiful photography. Extra special thanks to Frank, Bianca, and Valentina for the incredible hospitality at Leadway Bar & Grill.

Repeat on Wednesday June 19 at 2:30 P.M.

Time: 7:30-8:00 p.m. Tuesdays, & 2:30-3:00 p.m. Wednesdays
Chicago Cable Channel: 19
Filmed in Chicago
Topics covered: Lots of important stuff
Fueled by: Good beer, good food, and people power

This series runs every Tuesday, at 7:30 p.m., through the month of June. We’ll have updates on what shows follow, an what the schedule will be as we near the end of the month.

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