It was a busy week at the Capitol with various committees meeting and holding public hearings. The Progressive Caucus unveiled their legislative proposals this week, and no surprise they are proposing a more progressive tax system including a capital gains tax. Other priorities include: •Predictive scheduling and a fair work ...
Commission hears testimony on the cost of Connecticut’s “dysfunctional relationship with its government unions”
Only sixty-five cents of every tax dollar actually goes toward funding Connecticut’s state government, the rest goes toward supporting the “legacy costs” of massive debt, pension and healthcare costs. That fact was pointed out by former Webster Bank CEO and co-chair of the Commission on Fiscal Stability and Economic Growth, Jim Smith, during an extensive hearing on the various difficulties — both fiscal and economic — facing Connecticut.