Majority of Republicans Say Corporations Aren’t Paying Their Fair Share of Taxes and Support Closing Corporate Tax Loopholes
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SPRINGFIELD—The majority of Illinois voters—including a majority of Republicans—say corporations are not paying their fair share of our state taxes and overwhelmingly support legislation that would require publicly traded corporations to disclose certain tax information, according to a new statewide poll of Illinois voters, conducted by Public Policy Polling (PPP).
Nearly 80 percent of Illinois voters say legislation to require publicly-traded corporations to disclose how much they pay in Illinois corporate income tax is a good idea—with 75% of Republicans, 80% of Democrats and 84% of Independents saying it is a good idea—according to the survey.
The Illinois Senate passed corporate income tax disclosure legislation (SB 282) in November, but the bill must pass the Illinois House by January 8th to be sent to the Governor.
“The vast majority of Illinois voters agree—it’s time for Illinois to create a more transparent corporate tax system and make sure corporations are paying their fair share,” said Sue Gries, a leader with the Lakeview Action Coalition. “Illinois Representatives should listen to their constituents and pass SB 282 to move our State toward making better, more informed policy decisions.”
SB 282 provides transparency by requiring publicly-traded corporations in Illinois to disclose the amount of corporate income taxes they pay to the State of Illinois. The Secretary of State would disclose this information to the general public on the Internet a full two years after the fact.
This legislation would cover only publicly traded corporations and would not require small single proprietor or family-owned businesses to disclose information.
“Overwhelmingly voters say it hurts our state’s economy that two-thirds of corporations aren’t paying any corporate income tax in Illinois,” said Rev. Marilyn Pagán-Banks, President of IIRON. “To keep our state competitive and attract jobs we need to know that everyone is paying their fair share, but we can’t hold big corporations accountable when the truth about wasteful tax breaks is being hidden.”
In addition the poll showed that:
- 66% of voters think it hurts the state’s economy that two-thirds of Illinois corporations pay no Illinois corporate income tax—including nearly 60% of Republicans;
- 68% of voters—including 58% of Republicans—say the division of taxes in our state is unfair because corporations don’t pay enough taxes;
- 65% of voters think our state would be in better shape if some state corporate tax loopholes were closed—including 60% of Republicans;
- 70% of voters think most Illinois politicians put the interests of large corporations and their lobbyists ahead of the interests of the people in their district—including 71% of Republicans.
Independents were the strongest supporters of corporate tax fairness—with 70% saying it hurts the state’s economy that two-thirds of Illinois corporations pay no Illinois corporate income tax; 73% saying the state would be in better shape if some state corporate tax loopholes were closed; 68% saying division of taxes in our state is unfair because corporations don’t pay enough taxes; and 76% saying most Illinois politicians put the interests of large corporations and their lobbyists ahead of the interests of the people in their district.
“Illinois should have tax policies that are based on facts, not guesses,” said Bill Poorman, a community leader in the Peoria Chapter of Illinois People’s Action. “Legislators need to decide whether they represent the nearly 80% of voters who support corporate tax disclosure or just represent the big corporations who don’t want the public to know if they are paying their fair share.”
This survey was commissioned by a coalition of Illinois organizations working in support of SB 282 including IIRON (Illinois–Indiana Regional Organizing Network), Illinois People’s Action, Lakeview Action Coalition, Northside P.O.W.E.R., A Just Harvest, National People’s Action, SOUL (Southsiders Organized for Unity and Liberation) and others.
The survey was conducted by Public Policy Polling (PPP). PPP surveyed 500 Illinois voters from December 18th to 19th through automated telephone interviews. The margin of error is +/-4.4 percentage points. For more information about methodology, please go to http://www.publicpolicypolling.com/aboutPPP/about-us.html or email email@example.com.
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