Democratic leaders want permanent tax relief for CT’s working poor. The governor isn’t convinced.
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Posted inMoney
Legislators exploring income tax cuts, mansion tax
Democratic state lawmakers want to ask more from the rich to ensure new tax relief for CT’s poor and middle-class is sustainable.
Posted inPolitics
One thing Lamont and Looney can agree on: Help for the working poor
A modest income tax cut for the poor was one of few tax changes state officials agreed upon this year.
Posted inMoney
Reform advocates make final push for relief for CT’s poor and middle class
One legislator has pitched a number of options to salvage tax cuts to the working poor and families with children.
Posted inMoney
Tax break for CT’s working poor has strong support in budget talks
An income tax break for the working poor seems to have a reserved spot in the next state budget.
Posted inMoney, Politics
Barnes tells advocates for poor, kids: Brace for lean budget
Benjamin Barnes, Gov. Dannel P. Malloy’s budget director, warned advocates for children, the poor and other disadvantage citizens to brace for lean funding when the administration releases its next budget in two weeks.
Posted inMoney, Politics
Malloy: Tax breaks likely for consumers, teachers, poor — maybe not business
Despite the likelihood of deep spending cuts in Gov. Dannel P. Malloy’s next budget, the prospects of tax relief for consumers, retired teachers and the working poor are good. But for Connecticut’s businesses – not so much.
Posted inMoney, Politics
McKinney pitches middle-class tax break, less aid for poor
Republican gubernatorial contender John P. McKinney unveiled a plan Thursday to exempt all households earning less than $75,000 per year from the state income tax. But the proposal hinges on several controversial elements, including repeal of a tax credit that saves working poor families almost $120 million per year.
Posted inMoney, Politics
Connecticut’s looming deficit threatens next year’s tax breaks
Gov. Dannel P. Malloy tried to stay upbeat Thursday about a legislative session that began with the promise of tax cuts, but ended with this relief being postponed in the face of a projected budget deficit.