Gov. Ned Lamont announced in late December that he would use federal COVID relief funds to retroactively increase the Earned Income Tax Credit to 41.5 percent for roughly 198,000 families in Connecticut who filed for
Taxes
Businesses that have not been making the .5 percent employee pay deduction for Connecticut’s Paid Family and Medical Leave program could be left paying the cost out of their own pocket, according to a March
Connecticut has the second largest tax burden in the United States, according to a new report by the Washington D.C.-based Tax Foundation, which measured the economic impact of taxes on residents in each state as
It was the year the USSR dissolved – George H.W. Bush was President, and our Governor was Lowell P. Weicker Jr. (I). A lot has changed since 1991 – yet Connecticut is still stuck with
State officials have warned that upwards of 44,000 businesses in Connecticut have yet to register for Connecticut’s paid family and medical leave program and could potentially face fines. However, according to House Republican Leader Vincent
On December 21, 2020 Gov. Ned Lamont signed onto a regional cap and invest program called the Transportation and Climate Initiative (TCI) that will raise the price of gasoline by upwards of 17 cents per
As part of his budget proposal Gov. Ned Lamont included a highway use tax for large trucks based on vehicle weight and miles traveled in the state to raise $90 million annually for the state’s
Connecticut is paying more per person to the federal government than it receives through direct payments, grants and wages than any other state in the country, according to an annual study produced by the Rockefeller
A bill to study a possible tax on the number of miles Connecticut residents drive has returned after the Senate unanimously voted against the idea in 2017. Sponsored by Rep. Cristin McCarthy Vahey, D-Fairfield, who
Sen. Martin Looney, D-New Haven, and supporting Democrats have labeled a proposed statewide property tax a “mansion tax” that would largely affect high-wealth towns like Greenwich and Westport. However, it is also a tax on