Governor Ritter has thought about taking away tax breaks in order to balance the state's shortfall of revenue of $1.3 billion. The Supreme Court ruled that state governments can do this without voter approval. So Governor Ritter to eliminate 13 tax breaks and credits to balance next year's budget. He plans on doing this by getting rid of tax breaks and credits for businesses and by limiting conversation easement credits for three years, among other things.
http://www.gjsentinel.com/news/content/gen/breaking-news/index.html?p=11097
My opinion: I think big businesses do better when they have tax breaks. It allows them to run well and gives them incentive to do things correctly. I do not think that taking away tax breaks is a good idea. Maybe Governor Ritter should just spend less.
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