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Thu December 12, 2013
Madigan Criticizes Corporate Tax Breaks
Illinois House Speaker Michael Madigan has sharply criticized corporate requests for tax breaks and says he's unlikely to support deals for companies that pay little in taxes.
The influential Chicago Democrat also says he wants to review how Illinois decides who gets incentives.
Madigan's statement raises new doubts about legislation that would give breaks to Archer Daniels Midland Company and others.
ADM and Office Depot are among a handful of companies asking Illinois' legislature for tax breaks this year as they considered headquarters locations.
That legislation stalled last week in the House. Madigan said Illinois needs to "resist the temptation to cave to corporate officials' demands."