Chicago Unions Call For Higher Taxes On The Wealthy

Law360, New York (February 18, 2014, 5:53 PM EST) -- The solution to Illinois' $100 billion pension deficit is higher taxes on corporations and the wealthy, a coalition of Chicago unions said Tuesday.

We Are One Chicago, a group of public sector unions including teachers, firefighters, police and nurses, say that the Prairie State gives corporations $2.4 billion each year in tax subsidies while considering legislation to cut the state's pensions payouts, a solution that would hurt spending.

“For the last 30 years, and especially since the onset of the Great Recession, the American public has...
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