Schilling Holds Town Hall, Calls for Tax Reform

From WGIL:
Congressman Bobby Schilling isn’t too thrilled with General Electric these days.

The Colona Republican was in Galesburg Monday for a town hall meeting at Knox College, the first of what he said would be regular meetings throughout the district to get ideas from his constituents. But reporters asked him what he thought about G.E. paying no tax on billions of dollars in profits made last year.

Schilling tells WGIL he doesn’t like it at all.

“If they’re earning profits, they need to be paying their taxes,” Schilling said.

Schilling says closing some tax loopholes can be some of the solution.

“We could take care of that right away by allowing the tax to be relieved, to where companies could bring that money back to the United States. There’s trillions of dollars that are sitting offshore.”

Schilling told a crowd, among other things, that the country is broke, and that only deep budget cuts are the solution. Problem is, he says, everyone is in favor of budget cuts unless it comes to a pet project or program of theirs.

Schilling says some tough choices are going to have to be made, but wants help from his constituents coming up with them.