Early in the legislative session, word spread that the Gov. Ned Lamont administration was considering a possible sales tax for grocery items. The subsequent outcry from groups across the political divide buried the idea, seemingly forever. But, according to House and Senate Republicans, certain groceries are going to be taxed ...
At an August 29 meeting of the Midstate Chamber of Commerce Breakfast Club, Gov. Ned Lamont said he wasn’t sure who would run Connecticut’s new paid family and medical leave program but that it could possibly be a private insurance company like The Hartford. “We haven’t figured out exactly who ...
It is a genuine law of economics, because it is a central law of human nature: if you tax something, you get less of it. A necessary corollary: most taxes bring in less revenue than predicted because people modify their behavior to avoid the tax. Connecticut’s elected officials have been ...
Let the emblem of the legislative session, and of the last decade of Connecticut’s governance, be this new “mansion tax.” It was slipped into the budget in the last minute. It wasn’t properly vetted. It sends terrible signals to would-be entrants to Connecticut, while warning Connecticut’s current residents to get the heck out. And ...
In response to President Donald Trump’s tax bill that limited state and local tax deductions – known as SALT deductions – Connecticut developed a novel way to allow business owners to avoid getting hit with higher federal income taxes. Businesses that operated as “pass-through” entities, which allowed business income to ...
Buried in the budget proposal from the Finance, Revenue and Bonding Committee is a controversial change to the way Connecticut collects sales tax – one that has failed in several other states and one that the former Commission of the Department of Revenue Services said would be a costly “scheme.” ...