The CT Mirror (https://ctmirror.org/tag/taxes/)
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. Continue Reading →
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. Continue Reading →
WASHINGTON — While President Donald Trump promised to “drain the swamp,” the lobbying business is thriving, with Connecticut-based companies, non-profits, cities and universities spending a total of about $50 million to influence Congress and the new administration last year. Continue Reading →
WASHINGTON — The Senate early Saturday passed a sweeping overhaul of the federal tax code that would end the deductibility of state income taxes and eliminate other popular tax breaks while lowering tax rates for individuals and corporations. Continue Reading →
Blumenthal was one of nine Democrats with Sanders, I-Vt., when he introduced his “Medicare for All” bill at a Capitol Hill press conference Wednesday. Murphy said he prefers a plan where Americans have a choice between private insurance and a government-run plan. Continue Reading →
Among the proposals being considered in Washington for reforming the federal tax code is one that would eliminate the deduction that Connecticut taxpayers rely on most — the one for state and local taxes. Continue Reading →
WASHINGTON — Sen. Mitch McConnell rolled out a new health care bill that is broadly similar to the one that foundered in the Senate last month, but contains a few new provisions aimed at winning over recalcitrant Republican senators. The new bill was excoriated by Connecticut Democrats, and increased Democratic opposition to the effort to repeal and replace the Affordable Care Act. Continue Reading →
WASHINGTON — The Senate health care bill, called the Better Care Reconciliation Act, would roll back nearly $1 trillion in diverse taxes imposed by the Affordable Care Act to expand coverage to poor and middle-income individuals. But analysts say 40 percent of the tax breaks would benefit 1 percent of the nation’s richest people, giving critics ammunition against GOP efforts to repeal and replace Obamacare. Continue Reading →
WASHINGTON — House Republicans on Thursday finally won approval for a health care bill aimed at repealing and replacing the Affordable Care Act, but the legislation faces an uncertain future in the Senate, which may not be able to take it up for weeks. Connecticut Democrats called the health care bill “appalling” and “immoral” and said the GOP would pay a political price. Continue Reading →
WASHINGTON — The nation’s health insurers are weighing the GOP’s newly released bill to replace the Affordable Care Act, which contains things they wanted – and some things they may not like, but for now keeping their opinions to themselves. “If they are smart, they are going to remain silent and let the legislation take its course,” said Rep. John Larson, D-1st District. Continue Reading →
A new study issued this month by the Council on State Taxation concludes Connecticut actually is tied for the most favorable business climate — if one considers not just the cost of doing business, but the potential for earning big profits here. But it warns against interpreting that to mean that Connecticut is a low-tax environment overall. Continue Reading →
As analysts outlined a grim picture Wednesday that could include further cuts to state social services and reversing recent enhancements in local aid and transportation, one key lawmaker insisted officials must discuss raising revenue in 2017. Continue Reading →
WASHINGTON — Connecticut’s members of the U.S. House, all Democrats who were re-elected by healthy margins in a bad year for their party, will return to work next week amid a new political reality and with a Democratic Party in disarray. Continue Reading →
WASHINGTON – The U.S. Census Bureau’s good news that median income rose significantly in the United States last year wasn’t as cheerful for Connecticut. The state was among a dozen with the smallest rate of household median income growth in the nation, which had a robust increase of 5.2 percent. And not everybody benefited from Connecticut’s modest 1.8 percent income growth. Continue Reading →
A state legislative panel voted Thursday to endorse a new tax on fantasy sports games, delay an income tax cut for retired teachers, impose a new fee on retail businesses and raid $20 million in ratepayer funds from a program to control greenhouse gases. Continue Reading →