Financial Crises

Illinois Gov. Quinn wants to make ‘temporary’ tax increases permanent

Illinois Gov. Pat Quinn is telling taxpayers he cannot lie -- he plans to keep Illinois' "temporary" income tax increases. 

"I was elected in 2010 to be straight with the people of Illinois, and to be straight with you," Quinn told lawmakers Wednesday at his budget address. "Today, I propose we take the path that is honest and responsible." 

That path is built on Quinn's plan to make Illinois' 2011 "temporary" income tax increases permanent. 

Those tax hikes -- one for residents and another for companies -- will have raised $31 billion by the end of this year, and Quinn insists he needs that money. 

"If action is not taken to stabilize our revenue code, extreme and radical cuts will be imposed on education and critical public services," Quinn warned. 

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