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Posted inMoney, Politics

Malloy offers modest tax breaks for retired CT teachers, consumers

Gov. Dannel P. Malloy proposed a second round of tax cuts Friday, including a new income tax break for retired teachers that could provide a strategic edge in his re-election bid.

The governor also backed a sales tax exemption for non-prescription medications, an insurance premium break for cities and towns, extending a credit for business investors and a two-day state park fee holiday.

These breaks, worth about $52 million in the fiscal year that begins July 1, would be in addition to the $155 million sales and gasoline tax rebate Malloy unveiled Thursday.

Posted inMoney, Politics

Was faulty CT tax mailing a huge privacy violation?

House Minority Leader Lawrence F. Cafero, R-Norwalk Could 27,000 Connecticut residents’ Social Security numbers have been mailed – along with their names and addresses – to households other than their own? A top Republican lawmaker demanded answers Monday after reviewing one of the thousands of faulty tax forms the state Labor Department acknowledged sending out […]