Posted inMoneyPolitics

Malloy’s sales tax plan asks consumers to sacrifice – for now

Opting not to deliver the largest tax cut he campaigned on last year, Gov. Dannel P. Malloy tried to shift the conversation Sunday with a proposal to whittle down the sales tax rate. But while the middle-income relief the governor pitched is worth $70 million next fiscal year, tucked into that plan is the cancellation of a sales tax exemption on clothing worth twice as much.