ILLINOIS TAX INCREASE

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SPRINGFIELD, Ill. — Democratic Illinois lawmakers beat a looming deadline and approved a 66 percent income-tax increase in a desperate bid to end the state's crippling budget crisis. Legislative leaders rushed early Wednesday to pass ...
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Greg Harris said if Illinois didn't pass a tax increase to rescue its finances a host of state agencies would have to close completely and the state could trigger a "cascade" of public and private defaults. "The wolf is at the door, ...

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