According to several sources close to the bipartisan talks that begin today, Gov. Dannel P. Malloy’s administration will suggest a modest business tax cut to improve Connecticut’s economic climate.
GE becomes state Capitol’s latest political football
Two members of the Senate’s Republican minority called Friday for a special session to entice GE to stay by repealing a controversial new corporation tax provision.
Legislators vote to roll back a share of CT business tax hikes
The General Assembly sent a revised biennial budget to Gov. Dannel P. Malloy early Tuesday, rolling back $178 million of the $1.5 billion worth of tax hikes built into the original plan.
Malloy says there is ‘consensus’ on tax hike rollbacks
One day after House Democratic leaders said they had just began to discuss Gov. Dannel P. Malloy’s last-minute budget proposals, the governor declared Wednesday there already is a “consensus” agreement to roll back two controversial tax hikes.
Malloy seeks to roll back $220M in business tax hikes
Gov. Dannel P. Malloy proposed Friday to roll back about $220 million in business tax hikes before they take effect in the new two-year state budget July 1 and replace them with still-to-be-identified spending cuts. Legislative leaders offered no ready endorsement, saying they will review the plan.
Malloy opens door a crack on business tax hike
Gov. Dannel P. Malloy left open the possibility Thursday that he and the legislature could revisit one of the most controversial business tax hikes in the new two-year budget when lawmakers meet in special session later this month.
House adopts controversial state budget
Connecticut’s long-running budget drama began drawing to a close early Wednesday as the House of Representatives adopted a $40.3 billion, two-year package that largely restores deep cuts to social services and expands municipal aid while bolstering tax revenues by almost $2 billion.
Business leaders warn ‘unitary reporting’ could stymie job growth
Connecticut business leaders warned Thursday that a controversial corporation tax change under consideration for the next state budget could have a profound and immediate impact on the state’s job market.