Rep. Jason Rojas

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 ...

Buried in a bill to raise taxes on bed & breakfasts and implement yet another motor vehicle registration fee is a provision to raise the income tax on Connecticut’s top earners from 6.99 percent to 7.49 percent. Senate Bill 1054 would impose a retroactive tax on individuals, families and owners of small businesses who earn $500,000 or more.