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Democrats modify tax proposals, but business unimpressed

Joseph F. Brennan, president of the Connecticut Business and Industry Association

Democratic legislators are using a two-stage, 50-cent increase in cigarette taxes to lessen — but not to eliminate — controversial income and data processing tax hikes, with the goal of passing a $40.3 billion, two-year state budget plan on Tuesday. The state’s chief business lobby quickly decried the changes as woefully inadequate. Continue Reading →

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