CT Voices for Children, a public policy organization based in New Haven, released the first in a series of recommendations for mitigating the economic recession caused by the COVID-19 pandemic. Their recommendations included increasing the income tax rate on Connecticut’s highest tax bracket and increasing the size of Connecticut’s government. ...
“Calls for raising Connecticut taxes and increasing the size of state government ignore twelve years of Connecticut’s economic and fiscal history. We have seen three major tax increases – including raising taxes on the wealthy and businesses — since the 2008 recession, and since that time our state has experienced ...
Former Vermont Commissioner of Environmental Conservation and consultant for the Center for Climate Strategies in Washington D.C. Jeffrey Wennberg penned an op-ed blasting a proposal to institute a regional gasoline tax, part of an inter-state compact known as the Transportation and Climate Initiative. “TCI is nothing more than an inefficient, ...
The Transportation and Climate Initiative is pushing for a regional cap and trade system on gasoline distributors to fight climate change, invest in mass transit and fight for climate justice, but scientific modeling suggests the program would have no impact on global temperatures. Up to thirteen states on the eastern ...
Connecticut saw a net loss of 9,869 income tax filers between 2017 and 2018, constituting a loss of adjusted gross income totaling $1.1 billion, according to the Internal Revenue Service. The breakdown of earnings relative to population loss show that although Connecticut’s highest earners were not the largest group of ...
A CT Mirror article published on Nov. 21 pointed out that Connecticut’s income tax was never meant to be temporary, refuting a common talking point employed by lawmakers and political candidates, the public, No Tolls CT and, in one instance, the Yankee Institute. The “myth” of the temporary income tax ...