Sales tax holidays are too limited to provide any meaningful tax reform, according to a new analysis from a progressive policy group.
taxes
Posted inMoney, Politics
Stefanowski pledges to remove hundreds of ‘nuisance taxes’
Bob Stefanowski said he won’t wait for the legislature to suspend what he calls “nuisance taxes” and will instead cancel them himself.
Posted inMoney
Progressives to Lamont, GOP: Brace for a debate on tax fairness
Progressive Democratic state legislators want a broader debate on tax fairness than Gov. Ned Lamont and Republicans may support.
Posted inMoney
Towns are reluctant to ease taxpayer restrictions during second year of pandemic
Municipalities are reluctant to ease penalties on delinquent property taxpayers now that the worst of the coronavirus pandemic has passed.
Posted inMoney
CT budget leaders want to use massive savings to expand COVID-19 relief
Gov. Ned Lamont’s administration expects to spend about $630 million less than legislators authorized.
Posted inMoney
Spiking tax revenue will wipe out state budget deficit, analysts say
Projected state revenues skyrocketed by $1.7 billion Friday, positioning officials to balance the next state budget without tax hikes.
Posted inMoney
Labor-based coalition urges Lamont, lawmakers to tax wealthy to fund ‘people’s recovery’ from pandemic
A progressive coalition upped the pressure Monday on state officials to tax Connecticut’s wealthy to preserve vital services.
Posted inTransportation
Will CT legislators raise the gas tax? With tax rates now below the national average, it’s possible
Once among the nation’s highest, Connecticut’s gas taxes now rank below average among all states.
Posted inMoney
Wall Street continues to soften COVID’s impact on CT’s budget woes
Analysts say surging tax revenues will soften a big deficit this year and dramatically shrink shortfalls over the next biennium.
Posted inHealth
Blumenthal backs Sanders ‘Medicare for All’ plan; Murphy does not
The Sanders bill would create a single, government-run health plan to provide coverage to all Americans, much like traditional Medicare provides coverage to those 65 and older.
Posted inMoney
GOP, McCaw spar over tolls, tax hikes in Lamont budget
Gov. Ned Lamont’s budget director, Melissa McCaw ran the gantlet Wednesday as she discussed tolls and taxes with the legislature’s Finance, Revenue and Bonding Committee.
Posted inMoney
CT’s tax receipts rebound faster than those in most states
A new analysis from the Pew Charitable Trusts shows Connecticut’s tax receipts have rebounded faster than those in most other states since the last recession.
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 inPolitics
Larson continues push Social Security reform — and says Trump would back him
WASHINGTON– For years, Rep. John Larson has been traveling the country to promote a plan to stabilize Social Security and boost benefits for the poorest Americans. While the plan has failed to move forward, Larson says he now has a powerful new ally — Donald Trump.
Posted inMoney
Trump names Kudlow to top White House economic job
Television economic commentator Larry Kudlow, who lives in Redding, said he had just finished playing tennis Sunday when he received a phone call from President Donald Trump, the first of a number of 30- or 40-minute calls that led to Kudlow’s appointment as Trump’s chief economics adviser.