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Rise in million-plus incomes will shape future tax debate

Despite losses as the recession set in, Connecticut’s wealthiest households came through 2008 with a six-year record of income growth more than five times greater than that of the average taxpayer. Buoyed by a five-year stretch during which their collected adjusted gross income shot upward by more than 230 percent–a growth spike unmatched in the […]

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Moderate Democrats urge leaders to close budget deficit without more borrowing

An appeal from moderate Democrats for decisive leadership to close the state budget deficit left some lawmakers questioning Tuesday whether a rift has opened within the General Assembly’s majority party. A coalition of four senators and 11 representatives sent a letter to party leadership urging immediate action to close the $518.4 million deficit for 2009-10 […]

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Bills would restrict employee background checks

With nearly 170,000 Connecticut residents struggling to find employment, a state legislative panel has endorsed new restrictions on when businesses can research individuals’ credit and criminal backgrounds. “Nearly half of the employers in this country go into workers’ credit history during the hiring process,” said Rep. Matthew Lesser, D-Middletown, co-sponsor of the bill restricting credit background checks. […]

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