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After corporate tax break, other companies ask, ‘Where’s mine?’As you may recall, a tax cut plan for corporations and individuals failed miserably in the House a few weeks ago, getting 8 votes – comically short of the 60 needed for passage.
So, the House went home for two weeks and some intense lobbying began. When state representatives came back to Springfield, a slightly revised version of the corporate tax cut plan passed with a whopping 81 votes. The bill would grant large tax breaks to CME Group and Sears to keep them from leaving the state, as well as a few broad-based provisions.