Illinois State Treasurer’s Office News Releases

SPRINGFIELD — The federal tax plan unveiled by Congressional Republicans is a horror story for the middle class and unemployed and will undermine the Illinois economy, state treasurer Michael Frerichs said today. “This mess of a proposal that purports to give everything to everyone will crush Illinois,” Frerichs said. “This bill clearly will hurt middle class workers and the small business owners who employ them.” The proposal includes: • Elimination of the individual local property tax and state income tax write-off, making it more expensive to live in Illinois. •…

SPRINGFIELD — As Facebook, Google, and Twitter testify before Congress today about their role in Russian election interference, Illinois State Treasurer Michael Frerichs announced that he and fellow investors filed a shareholder proposal demanding that Facebook disclose information on its oversight and policies to stop the spread of fake news, election meddling, and hate speech. “Facebook can no longer keep its investors and the American public in the dark,” Frerichs said. “Americans need to know what Facebook is doing to protect the public from fake news and election interference, and…

SPRINGFIELD — “Thank you to the Illinois House of Representatives for siding with grieving families and overriding Governor Bruce Rauner’s amendatory veto of House Bill 302. For decades, greedy life insurance companies have gotten away with using loopholes to pad their bottom line by avoiding paying grieving families. Today’s action is a major step forward to help put a stop to this trend and require life insurance companies to pay what is owed to beneficiaries dating back to 2000.” “I want to offer a special thanks to the House sponsor,…