SPRINGFIELD – Illinois lawmakers got their first look at Gov. Pat Quinn’s $53 billion budget proposal during the week, a plan consisting of tax hikes, changes and raids to the state pension system, and increased state spending.
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State Senator Pamela Althoff (R-Crystal Lake) said the primary component of the Governor’s plan consisted of a 50 percent increase in state income taxes. The $3 billion tax hike, if passed, would be the largest tax increase in Illinois history – three times larger than any other major tax increase ever approved.
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