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Too Small to Keep

Connecticut collects revenue from at least 371 unique sources of revenue, but the bottom 200 don’t even produce 1 percent of total state revenue. Are these really worth keeping? Yankee examines the issue in Too Small to Keep.

The research from the Yankee Institute reveals that most state agencies actually have no idea how much it costs them to collect taxes and fees. But they keep on collecting them.

Yankee recommends that the General Assembly require the administrative costs of tax collection be calculated by agencies and included in the Results-Based Accountability reports that most state agencies submit to the General Assembly. We also recommend the inclusion of sunset clauses in all revenue-raising legislation to force the General Assembly to review and renew revenue sources on a periodic basis.

Too Small to Keep

Lawmakers Divided on Whether to Keep, Cut or Change the Earned Income Tax Credit

As residents see tax refunds or payments flow in or out of their checking accounts, many low-earning Connecticut residents can expect to see tax refunds based on the Earned Income Tax Credit. The EITC supplements the wages of low-income workers by sending them a check after they file their tax ...

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Policy Corner: On User Fees, Tax Grabs & False Progressives

Tolls can be user fees, depending on how they are conceived and implemented. As proposed in Connecticut, however, they will not be user fees, but rather a massive wealth transfer:  in short, another giant tax increase.  Politicians trying to hide a huge tax increase under another – any other – label is depressing, but not surprising. What is ...

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Yankee Staff

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