The Cloudcast Podcast: Corporate loopholes or tax incentives

On Feb. 17, Gov. JB Pritzker released his proposed $41.6 billion budget for Fiscal Year 2022. To help balance the budget, the governor called for closing an estimated $932 million in what he’s calling “corporate loopholes.” On this episode of The CloutCast, we examine the loopholes, the governor’s pitch for closing them and reactions to the proposal. Guests include the Illinois Manufacturers’ Association president Mark Denzler and Niya Kelly from the Responsible Budget Coalition, who offer their perspectives on the governor’s proposed budget and call to change some of the state’s tax laws.