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Policy Update: The State Budget Crisis and Income Tax Reform

As the state budget stalemate reaches a crisis level, a modest income tax increase has emerged as one proposed solution. Governor Blagojevich has repeated his opposition to any income tax increase, which he considers an unfair burden on working families. But an income tax reform strategy could actually generate new revenue and improve tax fairness at the same time. The General Assembly and the Governor should support a revenue plan linking a modest income tax increase with a set of reforms that would make the overall tax structure more progressive. Download and read report

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