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Chamber@Work | Chicagoland Chamber of Commerce
WEDNESDAY, JANUARY 9, 2013
PRESIDENT'S CORNER
With the start of the New Year, I was pleased to join Cook County President Toni Preckwinkle at the podium to help announce the total repeal of the one-percent sales tax increase adopted by the County Board in 2008. After a four year campaign on behalf of the business community, the Chamber commends President Preckwinkle for fulfilling a campaign promise to roll back the tax increase, providing taxpayers a New Year’s Day gift by accelerating the scheduled repeal of the remaining .25 percent of the sales tax increase. As a result, Chicago’s rate has dropped to 9.25 percent, saving consumers an estimated $87 Million this year!
 
With a concurrent economic downturn back in 2008, it’s difficult to accurately gauge the damage caused by the ill-conceived sales tax increase. But it’s easy to gauge the poor reputation Cook County gained by having among the highest sales taxes in the nation.
 
ACTIONABLE INFORMATION
 
On January 3, 2013 the Chicagoland Chamber of Commerce Board of Directors sent a letter to the Illinois General Assembly urging it to pass comprehensive public pension reform without delay that will right the fiscal standing of the State of Illinois, Cook County, and the City of Chicago:

Dear Members of the General Assembly:
 
We, the undersigned members of the Chicagoland Chamber of Commerce Board of Directors, call upon you to enact meaningful structural public employee pension reform now. No issue confronting our state is more important due to the devastating economic impact that the current pension system is wreaking on state and local government and the investment climate in Illinois. Each day, we and our peers, both within and outside of Illinois, make investment decisions that have long-term economic effects. These decisions can create jobs and economic vibrancy that will have a multiplier effect on the quality of life in Illinois. Unfortunately, the shadow cast by the economic overhang of the current pension system deters such investments.
 
 
Reboot Illinois declares its support for House Bill 6258 and calls upon all Illinois voters to join them.
 
House Bill 6258 is the pension reform plan authored by Democratic state Reps. Elaine Nekritz of Northbrook and Daniel Biss of Evanston and supported by nearly a score of other state representatives, including two Republicans: David Harris of Mount Prospect and Chris Nybo of Elmhurst.
 
It is time for a majority of legislators to join this group and pass this legislation or something very close to it. Reboot Illinois specifically implores Republicans in the House and Democrats and Republicans in the Illinois Senate to adopt this plan.
 
 
• AG2G
• Black Dog Group
• Central Payment
• Chartwells
• Childrens’ Creative Learning Centers
• Chiro One Wellness Center
• Consulate General of the Republic of Indonesia
• Enova Financial
• Gary Jet Center
• Greensfelder, Hemker & Gale, P.C.
• HMS Host
• Knight
• Maneat USA Corporation
You've just joined the Chicagoland Chamber of Commerce. Now what? Check out our New Member Information page.
 
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Chicagoland Chamber of Commerce
200 E. Randolph, Suite 2200 Chicago, IL 60601
312.494.6700 | ChicagolandChamber.org
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Last Updated on 2013-01-09 11:18:17.838


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