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House rejects Blagojevich tax package and university cuts
Illinois lawmakers defeated Gov. Blagojevichs tax changes aimed at closing corporate loopholes, along with a 2 percent cut in state university budgets. The package would have redefined business income, decoupled from federal depreciation rules, and expanded the U S tax base to include territories. Opposition argued the plan would raise taxes and cost jobs, while supporters noted education funding tied to a higher foundation level.
MENTIONED IN THIS ARTICLE
Springfield
Rod Blagojevich
Mlinois House
Illinois
United
Puerto Rico
Virgin Islands
Outer Continental Shelf
U.S
United States
Barbara Flynn Currie
Blagojevich
Curry
Currie