As the April 15 tax deadline approached, speculation at the Capitol was that tax receipts would rise. The question was, Would they grow modestly, or explode? But early tax returns have weakened hopes for any explosion, and raised the specter of something worse.
State Budget
Posted inNews
Connecticut’s budget skirmishing begins
What? You haven’t read every CT Mirror story on the opening of the 2014 legislative session?
Posted inMoney, Politics
Republicans propose ‘honest’ tax cuts for Connecticut
House Republicans have proposed $247 million in consumer and business tax cuts – moves they insist won’t worsen the big budget deficit projected for next year. In a press conference Thursday, GOP lawmakers said they want to give small businesses a one-time break on their unemployment assessments, accelerate the return of a sales tax exemption on clothing, and restore another exemption for over-the-counter medicine.