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IPFS News Link • TAXES: State

Higher Taxes Wouldn’t End Some Deficits

• NY Times
As state governments struggle with the fiscal damage caused by the recession, an income tax increase has become a rarely used remedy. ...
Gov. Pat Quinn signed a law that temporarily raises the income tax rate to 5 percent, from 3 percent. New governors Mark Dayton of Minnesota and Jerry Brown of California have talked of enacting or extending tax increases....

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