After hiking taxes, Ill now consider reducing them

Less than a year after raising the personal income tax and company officials were pushing a package of Illinois $ 250 million in taxes for several leading business that threatens to leave the country, including Sears and the Chicago Mercantile Exchange. To make a nicer size, individual taxpayers will also get a spoonful of relief.

The size of the suffering a setback Thursday when the House rejected it, but legislative leaders say they are determined to reach an agreement in the coming days or weeks.

The Senate approved a proposal Tuesday in a special session, but the House balked, sending lawmakers into further negotiations.

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