Wednesday, January 19, 2011

The first Illinois tax hike casualty? Jimmy John's founder contemplates moving headquarters out of Illinois

The News- Gazette reports:
The founder of Jimmy John's said he has applied for Florida residency and may recommend that his corporate headquarters move out-of-state as a result of the Illinois tax increases enacted last week.

Jimmy John Liautaud told The News-Gazette on Tuesday
There's more:
"All they do is stick it to us," he said, adding that the Legislature and governor showed "a clear lack of understanding."

"I could absorb this and adapt, but it doesn't feel good in my soul to make it happen," Liautaud said.
Here's Illinois Governor Pat Quinn's response.Via Capital Fax