Illinois Governor Pat Quinn gives his remarks after taking the oath of office during inaguration ceremonies on January 10, 2011. Today, Quinn signed legislation that temporarily increases the Illinois income tax rate by two-thirds.(UPI/Bill Greenblatt)
Democratic Illinois lawmakers have approved a 67% income-tax increase in a desperate bid to end the state's crippling budget crisis. Legislative leaders rushed early Wednesday morning to pass the politically risky plan before new General Assembly was sworn in at noon. The increase now goes to Democratic Gov. Pat Quinn. He supports the plan to temporarily raise the personal tax rate to 5% from the current 3% rate. Corporate taxes also would climb.