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Posted inCT Viewpoints

Tax hikes in Connecticut Dem’s budget are disheartening, unacceptable

Connecticut already places and insurmountable tax burden upon our residents. To ask any more is unconscionable. All of my Republican colleagues, and even 11 Democrat legislators, shared this sentiment when we voted against the Democrat-proposed tax hike. Unfortunately, this was not enough to steer the State of Connecticut off its self-destructive path.

Posted inEducation, Health, Money, Politics

Democrats modify tax proposals, but business unimpressed

Democratic legislators are using a two-stage, 50-cent increase in cigarette taxes to lessen — but not to eliminate — controversial income and data processing tax hikes, with the goal of passing a $40.3 billion, two-year state budget plan on Tuesday. The state’s chief business lobby quickly decried the changes as woefully inadequate.

Posted inMoney, Politics

Expert has idea that could lessen federal taxes for CT taxpayers

Connecticut’s low- and middle-income households could pay tens of millions of dollars less in federal taxes each year while state officials simultaneously gain access to a wealth of new economic data. But for that to happen, according to one of the state’s leading economists, Connecticut officials first take a fiscal leap of faith – and repeal arguably the state’s most popular tax break.