CHICAGO–(ENEWSPF)–July 28, 2014. Governor Pat Quinn today issued the following statement in favor of legislation supported by President Barack Obama to close the corporate tax inversion loophole:
“Big corporations should not be allowed to exploit the tax code to avoid paying their fair share. Members of the House and Senate supporting closure of this loophole are right – corporations should not be allowed to shirk their own responsibilities while passing on the burden to everyday taxpayers.
“These corporations benefit from America’s world-class infrastructure, education system, skilled workforce and competitive economy – not to mention U.S. customers. Yet they’re looking to renounce their citizenship and shortchange America and the everyday people who helped them grow and thrive.
“I urge Congress to take swift action on the President’s proposal to end this abuse and close this unpatriotic loophole. It’s the right thing to do.”