From tax changes and Trump accounts to student loan caps and SNAP changes, a number of provisions in the bill go into effect in 2026.
taxes
Posted inGovernment
When could the ‘big beautiful bill’ cause CT tax relief, benefit cuts?
Many tax breaks and provisions will go into effect soon. But some cost-cutting measures, like Medicaid changes, will take a couple of years.
Posted inGovernment
CT officials voice concern as ‘big beautiful bill’ set to become law
Rep. Jahana Hayes argued provisions in the bill are ‘direct attacks on our youngest generation’ based on implications for education and SNAP.
Posted inGovernment
CT senators cite a ‘catastrophe’ as Senate passes Trump’s ‘big beautiful bill’
The bill extends tax cuts and reforms Medicaid and SNAP to pay for them. Sen. Chris Murphy called it a ‘health care catastrophe’ for CT.
Posted inMoney
Is CT’s sales tax holiday real relief — or just a gimmick?
Sales tax holidays are too limited to provide any meaningful tax reform, according to a new analysis from a progressive policy group.
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.