Welcome to the Reader‘s morning briefing for Friday, April 28, 2017.
Rahm slams Trump’s corporate and personal tax-cut plan
Mayor Rahm Emanuel slammed President Donald Trump’s new plan to cut corporate and personal taxes. “Part of what is in that proposal is the elimination of the deduction of state and local taxes,” Emanuel, a former member of the House Ways and Means committee, said. “And that would penalize Illinois and Chicago residents dramatically. So on that level, I’m opposed to it.” But despite his criticism, the mayor discounted taxes as a principal factor in the decisions of people and corporations about whether to locate in Chicago. The city’s strengths, he said, are instead “the best-trained, educated workforce with a university and higher-education system to back that up, one of the best transportation systems and an aviation system that allows every one of the sales reps and operations people to get on a plane and get to where they need to go that day.” [Sun-Times]
