From a controversial cyber security measure critics say is worse than the USA PATRIOT Act to funding for a variety of controversial issues, there may be one bright spot in the $1.1 trillion omnibus bill passed by congress last week — incentives for businesses investing in their operations. That’s according to Kim Maisch, the Illinois director for the National Federation of Independent Business.
Maisch says the measure included in the federal spending package passed by congress gives Illinois businesses more certainty when they want to invest up to $500,000 in their business. Some leading Democrats in congress criticized tax incentives as something that could take away from other funding. Maisch says government shouldn’t just give out tax incentives without understanding the economic benefit, and this incentive would be positive for the economy.
Maisch says the incentives being made permanent by the measure means businesses can plan ahead instead of waiting last minute to make investments, something that will positively impact vendors. Congress passed and the president signed the $1.1 trillion spending package late last week.