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1
SENATE RESOLUTION

  
 
2    WHEREAS, Twenty years ago, a Federal Reserve Bank of 
3Minneapolis study proposed a way to end the ongoing battle for 
4new jobs and companies
that relies heavily on tax incentives 
5and subsidies; and
  
 
6    WHEREAS, An act of the federal government is the only
way 
7to end the use of tax subsidies and incentives as an economic 
8development tool; and
  
 
  
9    WHEREAS, Providing these tax incentives and subsidies to 
10private companies is a waste of public dollars; one local 
11community or state gains jobs at the expense of another; those 
12public dollars would be better spent on core services such as 
13education and infrastructure; and
  
 
  
14    WHEREAS, U.S. states will not end the bidding war on their 
15own and congressional action is needed; therefore, be it
  
 
16    RESOLVED, BY THE SENATE OF THE NINETY-NINTH GENERAL 
17ASSEMBLY OF THE STATE OF ILLINOIS, that we urge Congress to 
18pass legislation that will end the economic war between the 
19states that is based on attracting new jobs and companies with 
20offers of tax incentives and subsidies; and be it further
 
 
 
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1    RESOLVED, That we urge the Illinois Congressional 
2Delegation to introduce legislation that will help facilitate 
3this cause; and be it further
 
  
4    RESOLVED, That suitable copies of this legislation be 
5delivered to the Speaker of the U.S. House of Representatives, 
6the U.S. Senate President, and all members of the Illinois 
7Congressional Delegation.