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Mission impossible: Moody’s requirements for a ‘credit positive’ progressive tax scheme in Illinois

MAY 13, 2019 | by Ted Dabrowski, John Klingner | WIREPOINTS

By Ted Dabrowski and John Klingner, includes “Look for lawmakers to paint Moody’s recent report on Illinois’ proposed progressive tax scheme as a positive endorsement. The ratings agency said the new scheme would give the state more flexibility in tackling its pension crisis and budget deficits. But if you parse the report’s words closely, the agency gives little room for Illinois to operate. …”

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