Tax increase drives business out
Dear Gov. Quinn and other state lawmakers:
I am the owner of a small company in Dundee Township that has been in business for 11 years. We sell absorbents and environmental products nationally and internationally, for remediation/environmental clean up projects. For the last two years, business has been good for us as the Obama administration has renewed funding to EPA and the Department of Energy for environmental work. We were planning on adding employees this year.
No more.
Your tax hike has canceled all plans that we will add people here in Illinois. We may seek out-of-state agents for our products, but none in Illinois.
The odious magnitude of this tax hike is bad enough. But what is particularly galling is your unwillingness to cut spending. There are no plans to cut staff and overhead in government; freeze wages in government; ask retired state workers to contribute to their health care, as normal people do; cap employee pensions; or reduce public works projects.
This tax grab does not solve the root of Illinois’ problems — runaway spending — and merely pushes the day of reckoning off into the future. You need to cut at least 50 cents in spending for every dollar of increased revenue from this tax increase. If I ran my business like you run this state, I would be bankrupt.
Oh wait, Illinois is $13 billion in the hole. Thanks for your 20 years of service, Mr. Madigan. We will remember your incompetence when your daughter, Lisa, runs for governor in four years.
You have just killed all hope of bringing new jobs to Illinois. When property values improve, we plan to move to a new state that lacks Illinois’ entrenched corruption and is friendly to business.
Martin Matushek
Vice President, Technology
M2 Polymer Technologies Inc.
West Dundee