Andrade Statement on Veto of Measure to Crack Down on Tax Evading Corporations

CHICAGO – State Rep. Jaime Andrade, D-Chicago, issued the following statement after Gov. Bruce Rauner vetoed his legislation, House Bill 3419, which forbids the state to invest or contract with companies that are avoiding paying state taxes by stashing profits overseas:

“Our state should not be spending any taxpayer dollars on companies that are gaming the system by using intricate, unfair corporate structures to evade paying taxes. The governor’s veto prioritizes millionaire CEOs and corporations, which will do anything to get out of paying their fair share, at the expense of the financial well-being of the state.

“Due to these unfair tax-evasion practices, there is an increased tax burden placed on middle-class families and small-businesses that are playing by the rules. It’s unfortunate that the governor continues to give handouts to his corporate allies, forcing working families in Illinois to pick up the tab.

“I urge my colleagues in the House and Senate to stand with law-abiding small-businesses and the middle-class by voting to override Governor Rauner’s veto.”