SPRINGFIELD, Ill. (AP) -- The Illinois House has overwhelmingly rejected a temporary increase in state income tax rates.
It failed 42-74.
The income tax rate is now 3 percent. The legislation would have raised it to 4.5 percent for two years. That would have generated about $4.5 billion for state government.
Supporters say the increase was necessary to reduce the worst budget deficit in Illinois history. They say that without the additional money, vital state services will have to be slashed dramatically.
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