Of the $125 million that CT legislators set aside for the child tax credit, about $92.5 million has been claimed.
With five days left to apply, about 57% of eligible taxpayers have filed for the $250-per-child payment, Gov. Ned Lamont said.
The child tax rebate is available to single parents who earned $100,000 or less and to couples who make $200,000 or less.
The bill would create a new $600-per-child credit for low and middle income families.
Lawmakers are expected to endorse income tax cuts for the working poor and middle class, as well as a new child tax credit.
Democratic state lawmakers want to ask more from the rich to ensure new tax relief for CT’s poor and middle-class is sustainable.
Despite unprecedented surpluses, Gov. Ned Lamont is expected to ask legislators not to spend big in the next state budget.
The growth has effectively wiped out any projected shortfall after the next gubernatorial election.
About 600,000 Connecticut children, and the state’s economy, would be affected if Congress fails to renew key pandemic relief.
Surging sales tax receipts are swelling Connecticut’s already robust coffers by another $800 million, sparking new talk of tax cuts.
A $2.3 billion fiscal cushion in the new state budget might be fatter by hundreds of millions of dollars.
Gov. Ned Lamont and legislative leaders say they could have a deal on a new state budget by Monday.
“Can we please just applaud Rosa?” Harris said. They did.
House Democrats tempered their income tax relief plan for households with children to ensure the program continues year after year.
Since 2003, Rep. Rosa DeLauro has pushed to expand the child tax credit to the nation’s poorest children.