The left-leaning think tank which has the ear of the Democratic Party in Connecticut hosted a forum at the Capitol Building today to decry the state spending cap, volatility cap and bonding cap, saying the restrictions will make Connecticut’s budget situation worse.
Attorneys who handle estate planning for wealthy Connecticut residents told lawmakers Friday that Connecticut’s estate and gift taxes are driving out the very people the state needs in these difficult times. Supporters of estate tax reform believe the ongoing tax revenue from keeping wealthy residents in Connecticut would outweigh the lost revenue from the estate tax. Opponents of the proposal don't believe people leave Connecticut because of taxes.