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Attempt to increase hedge fund tax shakes Connecticut industry

Washington — Raising taxes on hedge fund managers, an idea that has plenty of popular support but has failed to gain traction, is under scrutiny in Washington again. President Obama last week proposed ending the current tax treatment given to hedge fund managers, whose income is considered “carried interest” and taxed at the capital gains […]

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Connecticut lawmakers hope for new era of earmarks

Washington — Hoping to stir public outrage against a rival, Mitt Romney and Rick Santorum are brawling over who is responsible for the most “earmarks,” special projects inserted into spending bills. While the presidential hopefuls portray earmarks as a corrupting influence on politics and a waste of taxpayer funds, Connecticut lawmakers, among others, are taking […]

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Connecticut bishops cool to turnabout on contraceptives

Washington –President Obama’s turnaround on his contraceptives policy for religiously affiliated institutions has failed to win over the Catholic bishops in Connecticut, but it won praise from prominent state Democrats who were drawn into an election-year debate that the party hopes will fade. “(It) indicates that (Obama) saw a need to review the current edict […]

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Connecticut will play big money role in presidential race

Washington — Benjamin Buswell, a Granby resident, was concerned enough about the Obama campaign’s fundraising strength that, last summer, he sent Republican Mitt Romney $2,500. “I read articles about the amount of money that is going to be raised by the Democratic Party, and I wanted to help Romney,” Buswell, the innovation manager at Hartford Insurance, […]

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Connecticut lawmakers on front line of contraceptive battle

When President Obama was blasted by House Republicans this week for including contraceptive services in the health care reform act’s mandate on preventive care for women, Rep. Rosa DeLauro, D-3rd District, and Sen. Richard Blumenthal, D-Conn., jumped to the president’s defense. House Republicans say requiring religious hospitals and colleges to offer contraceptive benefits is a […]

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Blumenthal makes sure insider traders in Congress lose pensions

Thanks to Sen. Richard Blumenthal, D-Conn., members of Congress who enrich themselves on insider knowledge won’t only face the threat of jail time — they’ll also lose their congressional pensions. The Senate voted 96-3 Thursday on a bill that would make sure the federal law that prohibits insider trading extends to members of Congress. Blumenthal […]

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Retiring Lieberman still collecting campaign cash

Washington — Sen. Joe Lieberman may be retiring from Congress, but he hasn’t stopped raising campaign donations for his leadership PAC. Lieberman, a Connecticut independent, raised more than $50,000 for his Reuniting Our Country political action committee after he announced his retirement in January of last year. Lieberman established the Reuniting Our Country PAC as […]

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