Analysis: Preview of the budget battle ahead Democrats are gearing up for an intra-party squabble about how to close the $3.7 billion two-year budget deficit. This year’s budget battle won’t be Democrats vs. Republicans, but rather progressive Democrats vs. moderate Democrats. Unfortunately, the disagreement isn’t over whether to raise taxes ...
How big were the tax hikes in Governor Ned Lamont’s budget proposal? If you include all of the proposed increases over the next few years, and account for a few tax breaks, the total comes to $2.4 billion per year. How did we get to that number, and why is ...
Gov. Ned Lamont’s state of the state address this week hit many of the right notes – Connecticut’s people need a bit of cheerfulness and optimism after eight years of the opposite. But… (You knew that was coming, didn’t you?) After listening closely to his State of the State address, ...
Connecticut was ranked 47th out of 50 states for its business tax climate, a drop from 44th last year, in the latest study from the Tax Foundation.
“We are in this together,” was the message Gov. Dannel P. Malloy asked state residents to take away from the budget he introduced Wednesday. But what we’re in together doesn’t look very pretty – a massive $3.6 billion deficit out a $36 billion two-year budget.
This year, Connecticut lawmakers have the opportunity to show that they are committed to bringing jobs and prosperity back to our state. That starts with saying “no” to another tax increase, and “yes” to dismantling the barriers that hobble job and economic growth. During the 2017 legislative session, the Yankee Institute will be working with legislators, state officials and stakeholders in the following areas