Despite Highest Tax Burden in the Country, CT Lawmakers Push for Even More Hikes It’s April 15, and taxes are due – but in Connecticut, tax day is far from a sign of relief. Connecticut residents will need to keep working for another month just to pay off our total ...
The Yankee Institute released a policy brief today, Tax on Low-wage Jobs: Fewer Jobs, Higher Prices. Yankee President Carol Platt Liebau issued the following statement on the proposal to tax employers across Connecticut: “Taxing businesses that either can’t or don’t pay $15 per hour guarantees only one thing: Fewer jobs ...
Taxes hurt all Connecticut residents and today the Yankee Institute is bringing that message where it is needed most: the General Assembly. Our President Carol Platt Liebau will testify before the finance committee, which oversees tax policy. The public hearing begins at 11 a.m. in room 2E of the Legislative ...
The Connecticut budget is on autopilot – and no one’s at the wheel. State government grows more expensive each year because of expensive promises to state employees and endless borrowing. A half-billion dollar increase in spending doesn’t even cover the growth in these two areas. “We’re in the alarming position ...
Connecticut would have $5.2 billion more in its rainy day fund if lawmakers had kept spending under the state’s constitutional spending cap, according to a new Yankee Institute policy brief. The Yankee Institute is urging Gov. Malloy and state legislators to honor the cap in the next two-year budget, which ...
Connecticut in Bottom 10 For Business Tax Climate Other states, like New York, enacting significant tax reform EAST HARTFORD – While other states are starting to initiate significant tax reform, Connecticut still has not done anything to make its tax climate more business-friendly, despite its placement at the bottom of ...