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Fri October 4, 2013
Quinn: Wrong Time For Tax Breaks
Gov. Pat Quinn says he will veto any legislation with special tax breaks to get Archer Daniels Midland Company to keep its global headquarters in Illinois until lawmakers address the state's pension crisis.
In an interview with The Associated Press, Quinn says it's ``the wrong time'' to talk about tax incentives for any company.
The Chicago Democrat says the best thing the Legislature can do to help ADM or other businesses is address Illinois' nearly $100 billion pension shortfall. He wants lawmakers to act when they meet later this month.
ADM announced last week it plans to move its global headquarters _ and 100 jobs _ out of Decatur.
The company has asked lawmakers for up to $24 million in tax breaks to keep its global headquarters in Illinois.