Rauner Unveils Plan to Save a Billion Bucks
Published on June 26 2014 1:40 pm
Last Updated on June 26 2014 1:40 pm
Written by Greg Sapp
Bruce Rauner is still rolling out his plan on how he'll run state government and shake up Springfield is he's elected governor.
Rauner unveiled his corporate welfare reform plan Wednesday, which aims to save the state just over one billion dollars.
Part of the plan is to restructure the corporate tax system and close loopholes that give special handouts to only a select group of businesses. It'll also cut tax breaks for people who own or breed horses and race them on state tracks, make spouses pay taxes if they inherit a jet or a yacht, and put an end to a newspaper tax exemption that allows the publishers to save on things like printing and ink.