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Facing mounting budget deficits and seeing few areas left to cut spending, states increasingly are turning to the only option they have left: raising taxes.
Already, 16 states have taken this unpopular step this fiscal year, and another 17 have proposed tax hikes for the coming year, according to the Center on Budget and Policy Priorities, a policy group.
In one of the more extreme measures, Illinois Gov. Pat Quinn has proposed a 50% increase in state personal income and corporate taxes.