Rahm wants more tax breaks for the 1%.

Updated: Ernst & Young adding 500 Chicago jobs; Emanuel pushes lawmakers for CME aid | Greg Hinz | Blogs | Crain’s Chicago Business.

Teachers all over the state are looking anxiously at the coming veto session, concerned about what the General Assembly might do to their average $48,000 a year pension.

But Mayor Emanuel has other fish to fry.

His number one priority is having the legislators give more tax breaks to the Chicago Merc and Board of Trade.

Emanuel is a former Wall Street one per center himself. So he feels their pain.

Feeling Chicago teachers’ pain? Not so much.

Crain’s has already reported that Illinois corporations pay the lowest effective tax rate in the Midwest.

The Civic Committee’s Ty Fahner continues to claim that promised teacher pensions are the reason for the state’s budget mess. Mayor Rahm is also a member of the Civic Committee.

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