Business Reaction to Historic Tax Hike WTTW News | January 12, 2011, 7:00 pm Critics are already predicting a massive business exodus now that the state income tax increase passed, but some say this could be just the budget savior Illinois has been waiting for. Thanks to our sponsors: View all sponsors Thanks to our sponsors: View all sponsors Related Stories US Hiring Slows and Unemployment Ticks Higher With a Month Remaining Before Americans Head to Polls Daily Herald Journalists Win Union Vote to Form Daily Herald News Guild Chicago Announces Dedicated Bus Lane on Northbound Michigan Avenue Mortgages Soar as Fed Hikes Interest Rates Fall Bridge Lifts Along Chicago River Begin This Week. Here’s the Full Schedule Expanded Film Tax Credits Could Bring Billions to Illinois. Are Taxpayers Getting a Good Deal? Sign up for our morning newsletter to get all of our stories delivered to your mailbox each weekday. View the discussion thread.