Governor Says He'll Sign Tax Hikes Into Law

By WEEK Producer

January 12, 2011 Updated Jan 12, 2011 at 11:18 PM CDT

Governor Pat Quinn, as expected, says he'll sign the new personal and corporate income tax hikes into law.

The tax hike is the largest in the state's history.

But, at a Springfield news conference on Wednesday, the Governor was framing the 11th hour legislation as a part of a package of what he called "historic spending restraints".

"And we have to understand that solving our budget and fiscal problems and paying our bills requires restraint of spending- now and tomorrow", the Governor said,. "These are hard caps on spending. I want to make sure we continue that so our state never ever falls into the kind of deficit it found itself in."

What the Governor was referring to was the spending cap package enacted with the tax hikes.

Spending ibncreases for the first year would be capped at ten percent --so that past bills including pension payments can be made.

After that, state spending could increase no more than two percent --otherwise the tax hikes would be rescinded.

On the topic of the dealth penalty ban, which the House and Senate also approved, the Governor was more circumspect.

At today's news conference, Quinn skirted questions about whether he would sign the bill into law.

Quinn has supported the death penalty in the past, but has also continued the moritorium on its use since he took office.

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