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Quinn Willing To Shelve Income Tax Hike -- For Now

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Jul 10, 2009 4:53 pm US/Central

Quinn Willing To Shelve Income Tax Hike -- For Now

CHICAGO (CBS) ― Gov. Pat Quinn is reportedly shelving his income tax hike proposal until this fall in order to help settle the current state budget deadlock.

Quinn was pushing for a 50 percent increase in the state income tax - from 3 to 4.5 percent - in order to close an $11.6 billion budget deficit.

The governor had previously said without the tax increase the state would be forced to make a number of cuts to social services.

Layoff notices went out to 2,600 state employees last week, including 1,000 who work in correctional facilities.

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