Quinn criticizes proposal to roll back corporate tax

December 14, 2011

Illinois Gov. Pat Quinn criticized a proposal to roll back a corporate tax hike imposed this year.

House Republican Leader Tom Cross announced a plan to set the corporate rate to 4.8 percent from 7 percent by 2014, instead of 2025.

Quinn said that plan focuses on corporations and not people.

"Got to have good human services in case someone has a trouble situation, so we can't just have it all one way. We've got to make sure everything's balances for everyday people who are the heart and soul of our economy," he said.

Quinn said the roll back plan would put a billion dollar hole in the state budget, and that state education would take a significant hit.

Rep. Cross announced the proposal just a day after state lawmakers approved tax breaks for key Illinois businesses.