Mayor Richard Daley today predicted the increase in the corporate income tax rate passed by state lawmakers overnight will prompt a quiet exodus of jobs to neighboring states.
"Businesses don't have press conferences like this and announce they're moving 50 people out, 60 people out, 70 people," Daley said.
The comments of the Democratic mayor, who is not seeking re-election in February, echoed those made by Republican lawmakers as the Legislature sent the tax increase to Gov. Pat Quinn overnight with just the votes of Democrats who control the House and Senate. Quinn, a fellow Democrat, is expected to sign it.
"We have a new governor-elect in Wisconsin, a lot of competition comes from Wisconsin. (Gov.) Mitch Daniels from Indiana, a lot of competition," Daley said at a City Hall news conference
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