President Obama struck an optimistic tone on the economy during last night’s State of the Union speech, but much of it still focused on efforts to boost employment and help businesses expand and compete. There were no shots at corporate greed as he’s made in the past — instead there was a call for lower corporate taxes. In recent weeks and months, the President has made strides in mending the White House’s tarnished relationship with the corporate sector, which has sounded alarms about policies that stifle growth.

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Major personal and corporate income tax hikes to bring Illinois’ budget back from the financial abyss received final legislative approval early Wednesday.

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Democratic state lawmakers in Illinois are scrambling to pass massive personal and corporate income tax hikes Tuesday to bring their state budget back from the fiscal abyss.

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