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Business Leaders Tempted to Leave Illinois Over Proposed Tax Hike
Several business leaders from across the state met with Governor Pat Quinn and the Republican leaders from the House and Senate to discuss the needs of Illinois businesses. Not surprisingly, there was some opposition to Quinn's proposal to raise the corporate income tax to 7.2 percent.

Mike Nobis, president of Creative Printers and Mailing in Quincy, which is right along the Illinois-Missouri border, says the business climate in Illinois isn't that good right now, and border towns in Missouri in Iowa notice. Nobis says towns like Palmyra, Mo. would love to have more jobs, and with Missouri's lower corporate tax rates, he has been tempted to pack up and move across the river. But he says he stays because Illinois' economy is more powerful and diverse than that of surrounding states.

Nobis says in his company's 101-year history, he has never had to lay off employees, but if the governor's proposed tax hikes take effect, that probably will happen. He says if Quinn truly wanted to stimulate the economy, he'd lower the business tax and let the business sector stimulate itself.

(Illinois Radio Network)
03 25 09 by Newsroom
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