A child advocacy group wants up $1.4 billion in annual tax burdens shifted from low and middle earners to the rich.
A leading child advocacy group challenged state leaders Wednesday to reverse escalating income and wealth inequality and provide tax relief for poor and middle-income households by shifting tax burdens onto the state’s millionaires.
In their push to make Connecticut a more attractive place to retire, have policymakers inadvertently worsened the inequality gap in a state already known for its extremes of income and wealth?
The growing gap between Connecticut’s richest and poorest citizens, which already outstrips that in most other states, has widened dramatically since the last recession. While only the most affluent households improved their standing, the rest lost ground. How to address this inequality and a crushing state debt at the same time will be at the core of Connecticut’s political debate for years to come. First in a series.