
IPFS News Link • TAXES: State
Higher Taxes Wouldn’t End Some Deficits
• NY TimesAs 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....