the school children of illinois thank occupy chicago.

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occupy chicago has been camped outside the mercantile exchange and the board of trade. these institutions have been crying and threatening to leave the state since the governor had the nerve to raise the tax on businesses. (they will/can do no such thing, but will try to become po boxes somewhere.)
the illinois lege is in veto session, and as the beginning of the session it looked like they were going to get their break. they had "suddenly" discovered that they were being taxed on trades that did not originate in illinois. other businesses do not pay illinois tax on business done out of state. i do not know the ins and outs of that, but these guys do their business here, wherever the other end of the intertubes goes.
there might have been some small amount of sympathy about this, but it would have slashed their taxes in half. IN HALF!! (and actually would have hurt their own business model by punishing their traders on the floor with double taxes.)

anyway, it looked like a done deal, but thanks (imho) to occupy, and tuesday's resounding victories all over the country, this appears in todays wsj-

CHICAGO (Dow Jones)--Illinois lawmakers will probably not agree before the end of this week to grant tax relief to the state's derivatives exchanges, even though they have threatened to move their headquarters elsewhere.

"It appears this is going to take some time, and we want to make sure we get this right," said John Patterson, a spokesman for Illinois Senate President John Cullerton.

That echoes comments made Tuesday evening by the chairman of a state House committee that did ...

http://online.wsj.com/article/BT-CO-20111109-721681.html

not a subscriber, so that's all i got. believe the session ends this week, so end of the week means end of the veto session.
my personal thanks to all.
occupy.

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1. aw. imma kick this.

people should see this.

[Fumesucker]

2. K&R, thanks for posting.. n/t

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3. and a btw- the seniors that blocked the streets the other day?

the jan fans. jan schakowsky spoke that day, and while i was not on the email list for that one, i have no doubt that the troops were called out for that. that is how jan got started in politics. she was behind the infamous mobbing of danny rostenkoswky's limo when ss cuts were being debated. she has quite the loyal cohort of women of similar age. (jan does not look anything like her 66 years, but that is how old she is.)

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4. my email to my state reps

i am happy to see this morning's reports that tax breaks for cme/cboe look to be off the table for the veto session. i think these cuts are a travesty. these companies are making so much money that they don't know how to spend it. that they have found some kink in the letter of the law to explain slashing their tax bills in half does nothing to change the obscenity of tax breaks for billionaires and cuts to schools and roads.
between occupy chicago camped on their doorsteps and tuesday's election results, i do not think it will come as a big surprise to these fat cats that their wishes will not be granted.

they are completely bluffing in their threats to move. their business is not the buildings, it is the people. they cannot pack up all the traders and move them to texas. they know that. the ceo's are just having fun being wined and dined at the taxpayer expense in the places they are visiting. they may find a way to route their business through some post office box somewhere, but they are going nowhere.

please oppose these measures to the best of your ability.
thanks for all you do.