Illinois Democrats In Senate Pass 33% Hike Of Personal And Corporate Income Taxes

– Illinois Democrats In Senate Pass 33% Hike Of Personal And Corporate Income Taxes:

Senate Democrats in Illinois are pushing ahead with a new budget proposal that includes a massive personal and corporate income tax hike and an expansion of the state’s sales tax, after saying they are no longer willing to wait for a broader deal with Republicans.  In all, the package is expected to cost Illinois taxpayers an incremental $5 billion.

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