In regards to the 50% income tax increase for Illinois, it's hard to dispute the fact that this is seemingly necessary to assist in shrinking the state deficit of 11 billion dollars.
I would have to say that a tax increase like this most likely will not sit well with the people.
Are there no other areas that we could use for revenue generation? Or instead of such a large tax increase, making it smaller and not increasing exemptions as much. I understand the money also needs to come fairly fast.
Governor Quinn is definitely taking a great risk here, but showing great strength in his decision at such a critical time in his new position. Election time if approaching fast and decisions such as these could make or break his campaign especially when it is rumored that Attorney General Lisa Madigan may run for Governor in 2010.
- John Bracamontes
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