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Defying Malloy, legislators pitch a $1.8 billion revenue increase

Rep. Russ A. Morin, D-Wethersfield, and Sen. L. Scott Frantz, R-Greenwich, members of the Finance, Revenue and Bonding Committee, debate tax proposals put forward by Democrats Wednesday.

A key legislative panel broke Wednesday with Gov. Dannel P. Malloy by recommending a plan that bolsters state tax and fee receipts by more than $1.8 billion over the next two fiscal years, including more than $540 million in new income taxes on the wealthy and an overhaul of the sales tax. Continue Reading →

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