Dozens offered to help pay his $16,000 tax bill, but his plan will put the money to better use
tax bill
Posted inPolitics
House votes to end cap on SALT deductions, but Senate likely won’t
Democrats said the $10,000 limit on SALT deductions is unfair to states like Connecticut, while Republicans argued unlimited deductibility would only help the very rich.
Posted inMoney
Trump tax plan SALT cap has silver lining for CT
Residents turned to municipal bonds to lower their tax burden, which in turn lowered borrowing rates for state governments.
Posted inNews
Hayes, Santos debate highlights sharply different philosophies and approaches
Democrat Jahana Hayes doubled down on the importance of education, while her Republican rival Manny Santos burnished his conservative credentials at a debate before an audience of college students Wednesday night.
Posted inMoney, News, Politics
Linda McMahon in Washington, re-imagining the SBA
WASHINGTON – Linda McMahon, the highest-ranking member of the Trump administration from Connecticut, has had a trial-by-fire first year as head of the Small Business Administration. In this Sunday Conversation, she spoke with The Connecticut Mirror about her year as part of the Trump cabinet.
Posted inMoney, Politics
Tax bill glitch endangers future of Newman’s Own and actor’s foundation
WASHINGTON — The Westport-based Newman’s Own Foundation was on the verge of securing a provision in the federal tax overhaul that would have spared it from an unusual 200 percent tax hike it is facing, when the Senate parliamentarian forced lawmakers to strip it out of the massive bill. That decision could result in the sale of late actor Paul Newman’s food company and significantly damage the foundation’s ability to continue to fund charities.
Posted inHealth, Politics
Tax bill eliminates health insurance mandate, but CT may impose its own
WASHINGTON – As Congress is about to vote on a tax overhaul that will gut the Affordable Care Act’s mandate that most Americans have health insurance, a number of states, including Connecticut, may consider a state-based penalty to encourage people to obtain coverage.