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Yankee Institute Statement on Finance, Revenue and Bonding Committee Budget

“The budget proposals released today by the Finance, Revenue and Bonding Committee demonstrate a disturbing inability to learn from the negative impact of past tax increases. Although we welcome the proposal to eliminate the gift tax, it’s remarkable that billions more are being demanded from taxpayers, after so little apparent effort was made to find any meaningful reductions in state spending. What’s more, as we’ve seen before, increasing Connecticut’s capital gains tax is likely to drive even more high-income residents from our state, thereby burdening those without the means to relocate with increased taxes, plummeting property values, and fewer services. This budget also continues the punitive taxation of our hospitals and places a new tax on restaurants. This means a further erosion of Connecticut’s businesses and hospitals, at a time the state can least afford to lose them. We ask Governor Lamont to keep his campaign promises and find ways to adjust the tax structure without increasing the tax burden on state residents.”

–Carol Platt Liebau, President of Yankee Institute

Pro-tolls group spent nearly $1 million in lobbying during legislative session

Move CT Forward, a coalition of construction and labor associations who have thrown their weight behind Gov. Ned Lamont’s plan to install tolls on Connecticut’s highways, spent nearly $1 million on lobbying during the legislative session. According to second quarter filings with the Connecticut Office of State Ethics, Move CT ...

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Policy Corner: A Call for Clean and Open Government

Connecticut deserves clean, fair, open and judicious government. That government cannot be provided by backroom deals or in the dark of night, as this session amply illustrated. We therefore call upon the governor not to call any special session that would start fewer than 7 days before the call would be made. We ...

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Marc E. Fitch

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