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![]() Doomsday Predictions Tax Illinois State watchdog group calls for 'historical' increase in personal income tax In order to crawl from beneath crushing debt and reach fiscal solvency, Illinois legislators must choose from a series of options that range from bad to worse, according to a prominent watchdog group. The Civic Federation wants to launch an intervention that includes significant budget cuts and the largest tax increase package in Illinois history, all in an effort to save the state from a $12.8 billion budget deficit. “Doomsday is here for the state of Illinois,” said Laurence Msall, Civic Federation President, to the Sun-Times. http://www.nbcchicago.com/news/local...-84947527.html
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