Posted inPolitics

Larson sees ‘same result’ for GOP tax plan as Obamacare repeal

WASHINGTON — As a member of the House Ways and Means Committee, Rep. John Larson is on the front lines of Democratic opposition to the Republican plan to overhaul the federal tax code. He says the proposal is especially bad for taxpayers in Connecticut and predicts it will follow the same path to failure as the GOP attempt to repeal and replace Obamacare.

Posted inMoney, Politics

GOP tax plan would touch most CT taxpayers, creating winners and losers

WASHINGTON – House GOP leaders unveiled a sweeping overhaul of the U.S. tax code Thursday, eliminating some popular tax breaks while lowering the tax rate for many Americans. Billed as a boon to the middle class by its supporters, the tax overhaul was panned by Democrats — including lawmakers from Connecticut –and some Republicans concerned about its elimination of of the popular deductions for state and local income taxes.