Saturday, January 22, 2011

Jimmy John's Not Happy About Illinois Tax Hike, Fitch Gives "Stable" Rating To Illinois

JimmyJohns
ILLINOIS: Jimmy John's, Beelman Truck Co., CouponCabin and Amazon are not happy about the Illinois income tax hike. Fitch, however, upgraded Illinois' credit rating to "stable" from "negative". Remember when Meredith Whitney talked about State arbitrage?

Tax hike lifts state’s credit rating (Crain's Chicago)

Jimmy John's founder contemplates moving headquarters out of Illinois (The News Gazette)

Listen to an interview with Jimmy John's founder, Jimmy John Liautaud, on WDWS-AM (1/19/2011). He is not happy at all.

Beelman Truck Co. owner on tax hike: Illinois is 'one of the worst states to do business' (BND.com)

Amazon, CouponCabin Threaten As Illinois Moves To Tax Internet Sales (Forbes)

Other reading: O'Hare bond rating depends on relationship with airlines, S&P warns (Crain's Chicago)

Photo credit: Wikimedia

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