022614 js 0245RSPRINGFIELD – In response to the possible budget cuts announced today by Illinois state agency directors, Revenue Committee Chairperson Toi Hutchinson (D – Chicago Heights) released a statement focused on the need for action and consequences of failing to responsibly balance the budget for FY 2015.

“Our state cannot afford for its legislature to backtrack on so much progress by crippling funding for vital state services,” said Sen. Hutchinson. “If we see these cuts go through, children would live without shelter, proper nutrition or educational support. Due to laboratory testing cutbacks, rape kits would go untested, robbing women and men of the justice they deserve. Justice cannot afford a hiatus. Thousands of jobs lost and millions of dollars in reductions is not going to cut it. No more excuses. We need responsible solutions.”

The Department of Human Services, Department of Public Health and the Department of Veterans’ Affairs would see a combined 3,500 staff laid off and up to $676 million in reductions, while all agencies across the board would see a 20% reduction in funds.

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JobFair-4.24.14Please join me on Apri 24 for a Community Hiring Fair, being held at the Kankakee Valley Park District Recreation Center.
 
When: Thursday, April 24 (10:00am - 2:00pm)
Where: Kankakee Valley Park Dist. Rec. Ctr. (150 N. Indiana Ave., Kankakee)
 
Job seekers: Click here to pre-register for the hiring fair.
 
Interested employers: Click here to register for this worthwhile event.

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file5441277786833SPRINGFIELD, IL – Sen. Hutchinson (D – Chicago Heights) released the statement below in response to President Obama’s proposed four-year, $302 billion highway bill:

“Highway development and maintenance is undeniably central to our American way of life. Here in Illinois, the passage of President Obama’s proposed highway bill would provide crucial funding for projects such as, the Illiana Expressway, the construction of which will provide construction jobs for thousands and improved transportation of goods and services in South Suburban Illinois and across the Midwest.

“Perhaps, even more importantly, these funds would be supported in part by a corporate tax overhaul, tax code reform being a cause that I continue to fight for here in Illinois. Closing tax loopholes and making the tax system fairer for all while developing our state’s infrastructure and adding essential jobs for Illinois families, is a worthy cause that I can give my full support to.”

Today, President Obama will propose the bill that will build highways, bridges, railways and transit programs, as well as protect 700,000 jobs.

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“It is time for the lawmakers of this state to stand up to the status quo and mend our fractured tax code.” - State Senator Toi Hutchinson (D - Chicago Heights)

p-hutchinsonSPRINGFIELD - In an effort to ensure that corporations are paying their fair share in Illinois taxes, State Senator Toi Hutchinson (D-Chicago Heights) has filed legislation that aims to bring back much-needed cash flow to the state of Illinois by closing corporate tax loopholes.

“For far too long, tax code ambiguities have opened the door for corporations to accumulate huge profits without paying their fair share,” Sen. Hutchinson said. “It is time for the lawmakers of this state to stand up to the status quo and mend our fractured tax code.”

The legislation proposes eliminating three major loopholes that allow corporations to avoid state income taxes:
1. Tax foreign dividends. 
     a. Closing this loophole would generate $320 million annually
2. Encourage businesses to earn profits domestically as opposed to overseas. 
     a. Closing this loophole would generate $100 million annually
3. Repeal the non-combinational rule where corporations set up complex tax avoidance structures. 
     a. Closing this loophole would generate $25 million annually

Read more ...

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