Lawmakers are expected to endorse income tax cuts for the working poor and middle class, as well as a new child tax credit.
income tax
Progressive group says CT income tax is tone-deaf to inflation
A progressive policy think-tank wants inflationary adjustments and other state income tax reforms to send millions to working class families.
Big dollars hang in the balance as CT finance panel rushes to finish work
Millions of dollars in proposed tax hikes and cuts remain in play as the finance committee nears its Thursday deadline.
House Democrats temper child tax credit to make relief program sustainable
House Democrats tempered their income tax relief plan for households with children to ensure the program continues year after year.
Senate leader pitches new state property tax on high-value homes
The state Senate’s highest-ranking Democrat proposed new taxes on high-value homes and the capital gains of Connecticut’s highest earners.
State Rep. Scanlon launches tax fairness debate with proposed $450M break for poor, middle class families
A new proposal Tuesday would give middle class families with children their largest state income tax break in a decade.
Spiking tax revenue will wipe out state budget deficit, analysts say
Projected state revenues skyrocketed by $1.7 billion Friday, positioning officials to balance the next state budget without tax hikes.
Are Lamont and his fellow Democrats headed for a showdown over tax reform?
Gov. Ned Lamont says tax hikes on the wealthy will cause them to flee Connecticut. Other Democrats are challenging that.
Lamont to name GOP’s Mark Boughton as the state’s taxman
Mark Boughton vowed to cut taxes as a GOP candidate governor. Now, he’s going to collect them for a Democrat.
Pandemic, tax issues give Connecticut a chance to reset economy, strengthen the region
With the coronavirus turning many commuters into at-home workers, Connecticut has a unique chance to reset its economy.
Progressives look to bring CT’s tax fairness debate to the grassroots level
The next Connecticut income tax debate is heating up — but not at the Capitol.
Budget deal struck, doesn’t contain tax hike on wealthy
Gov. Ned Lamont and Democratic legislative leaders agree to $43 billion budget that does not contain the income tax hike on the wealthy sought by progressives in the General Assembly.
Lamont’s first budget could hinge on progressive taxes
Gov. Ned Lamont’s goal of completing his first state budget on time could be stymied by his reluctance to order taxes aimed specifically at Connecticut’s wealthiest.
For now, legislators defer to Lamont on capital gains
On spending and taxes, Democratic legislators deferred Tuesday to the more moderate fiscal positions of Gov. Ned Lamont, less a surrender than a postponement of a debate still to come.
Legislators break with Lamont, pitch tax hike on wealthiest
A new proposal by Democratic lawmakers to hike taxes on the capital gains of Connecticut’s wealthiest sets up a showdown with Gov. Ned Lamont.