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Posted inMoney, Politics

Malloy learns from Rowland’s slip on 1998 CT tax rebate

Gov. Dannel P. Malloy apparently has learned from former Gov. John G. Rowland’s mistake.

By proposing to rebate sales and gasoline taxes – instead of income taxes – Malloy would spare nearly all recipients from having to share about 30 percent of their bonus with the federal government. Rowland made that mistake in 1998 when he and the General Assembly launched the first tax rebate program in state history.

Posted inMoney, Politics

Malloy promises $155 million in tax relief

Derby – Gov. Dannel P. Malloy said Thursday he would use the $506 million projected surplus to beef up the state’s fiscal reserves, pay down pension obligations and provide modest tax relief.

Malloy, a first-term Democrat facing re-election this year, chose a blue-collar, Naugatuck Valley community to announce that if legislators approve his plan, the state would be sending out checks of $55 to single filers and $110 to couples.