Connecticut union activists are planning a drive-by rally outside the homes of Connecticut’s wealthiest individuals in Greenwich on Thursday, May 21, calling for increasing taxes on the rich to plug an estimated $7 billion budget gap in coming years. The “Tax the Rich to Save Our Lives Protest” is scheduled ...
Rep. Anne Hughes, D-Easton, hosted a pool party for the Connecticut Working Families Party at her home in Easton – listed as a 4,900 square foot, 12-acre “magical estate” called “Fiddledale,” according to Realtor.com — on August 24 to wrap up the summer. Hughes, who ran on both the Democratic ...
As Democrats in the legislature float proposals to raise the income tax rate on Connecticut’s highest earners and increase the capital gains tax, Chief Executive Officer for Greenwich-based AQR Capital Management Clifford Asness tweeted “Do people generally prefer living in Texas or Florida? Asking for a friend.” Asness’ tweet linked ...
Tolls can be user fees, depending on how they are conceived and implemented. As proposed in Connecticut, however, they will not be user fees, but rather a massive wealth transfer: in short, another giant tax increase. Politicians trying to hide a huge tax increase under another – any other – label is depressing, but not surprising. What is ...
Analysis: Preview of the budget battle ahead Democrats are gearing up for an intra-party squabble about how to close the $3.7 billion two-year budget deficit. This year’s budget battle won’t be Democrats vs. Republicans, but rather progressive Democrats vs. moderate Democrats. Unfortunately, the disagreement isn’t over whether to raise taxes ...