deficit

Recent Posts

Larson continues push Social Security reform — and says Trump would back him

WASHINGTON– For years, Rep. John Larson has been traveling the country to promote a plan to stabilize Social Security and boost benefits for the poorest Americans. While the plan has failed to move forward, Larson says he now has a powerful new ally — Donald Trump. Continue Reading →

Filed under: , , , , , , ,

Malloy vetoes Medicare program fix, calls it ‘wishful’ budgeting

In a largely symbolic act, Gov. Dannel P. Malloy vetoed a bipartisan bill Monday to reverse cuts to the Medicare Savings Program, calling it an unbalanced exercise in “wishful thinking” that only would worsen projected budget deficits. Continue Reading →

Filed under: , , , , , , ,

Federal tax changes could create misleading budget ‘bubble’ in CT

Gov. Dannel P. Malloy’s administration warns the scramble to adjust to federal tax changes could produce a one-time revenue bubble here that might fool state legislators into underestimating serious problems with Connecticut’s finances. Continue Reading →

Filed under: , , , , , , ,

Big deficits two years from now could undercut tax cut promises

While the new state budget promises an array of tax cuts two and three years from now, it also leaves the next governor and legislature to close a $4.6 billion projected shortfall — far larger than the deficit lawmakers addressed in the current plan. Continue Reading →

Filed under: , , , , , , ,

CBO: GOP health bill’s impact on CT, other states would vary widely

WASHINGTON — An analysis of the likely impact of the final House GOP bill to repeal and replace the Affordable Care Act says it would leave an additional 23 million uninsured by 2026 and reduce the federal deficit by $119 billion over the next decade. Continue Reading →

Filed under: , , , , , , ,