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Gov. Quinn Talks Job Plan, Taxes

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Budget woes are plaguing the Land of Lincoln. During Wednesday's State of the State Address, Governor Pat Quinn said cuts to the state budget would not be enough to fix the dire financial problems caused by unpaid bills and pension obligations.

Speaking during a joint session of the house and senate, Quinn said the state was back on track pointing to new investment in technology and high tech jobs.

This year he wants lawmakers to approve a comprehensive job plan called the Illinois Jobs Agenda Initiative which includes some tax credits.

"The Illinois Jobs Agenda includes three targeted tax cuts that will help build and grow our economy by helping our employers, our working families and our veterans.  First I propose that we permanently abolish the natural gas utility tax in Illinois," said Governor Quinn.

Quinn also called for establishing a state tax credit for families with children and a tax credit for businesses that hire veterans.

But critics warned he has no plan to pay off the state's multi-billion dollar state debt.