 But with the clock ticking to get a new budget passed, Quinn says he
doesn't think it's "prudent" to back off his proposal to raise the
income tax rate to 4.5 percent, a 50 percent increase.He says the
state needs to raise money to fill an $11.6 billion budget hole.
Anyone who proposes raising income taxes less, Quinn says, needs to
come up with a way to raise money to pay the bills.
Quinn has defended his proposal, saying he would offset that by
raising the state personal exemption so people can shield more of
their money from taxes.
[Associated Press]
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