Small businesses to feel the pain of Illinois tax hike - KMOV.com

Small businesses to feel the pain of Illinois tax hike

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By KMOV Web Producer By KMOV Web Producer

(KMOV) – Many Illinois taxpayers are outraged over the hike in income taxes, and so are agencies and businesses depending on state funding.

Some are saying that state government in Illinois is too big. Some also claim that agencies and municipalities spend way too much money.

There’s even a movement to repeal the 67 percent income tax hike. But many political watchers in the capital say it is unlikely.

Angela Narup’s day care business in Marissa, Illinois wonders if this is the year she may go out of business. Caring for the children of low income workers, 90 percent of bills are paid by the state – a state that has borrowed itself seep into the red, and is now looking to taxpayers to pay the burden of a huge hike in taxes.

This uncertain and frightening financial crisis in Illinois has Angela Narup fearing that any cuts or budget shortfalls will be extremely costly for her.

“You can’t go more than a couple of months without any kind of aid,” she says. “I’ll be lucky to go maybe a month and a half.”

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