Posted on 02/14/2011 2:43:10 PM PST by matt04
HARTFORD, Conn. -- Gov. Dannel Malloy proposed one of the largest tax increases in state history on Wednesday.
Malloy said he was seeking $1.5 billion in new annual revenue from income tax hikes on the wealthy and middle class, and new sales tax on clothing and other long-exempt products and services.
Malloy's revenue-raising plan involves overhauling the largely flat state income tax, replacing its three rates with eight. But most of the changes, in terms of detail, occur at the middle-income levels.
(Excerpt) Read more at wfsb.com ...
Uh, Laffer Curve?
I didn't think there were any left in Connecticut.
My entire family has now made its way out of the cesspool that Connecticut has become.
Keep voting Democrat you CT tools!
Elections have Consequences and the People of Connecticut WANTED THIS ,so I hope No one is going to Complain,just shut up and pay what you voted for
Hope Malloy enjoys that single term that was stolen for him.
(BTW, he’s doing an excellent impersonation of Ned Lamont, the Stalinist he beat in the primary)
Thank you Gov. Malloy!
I live in Illinois and we are tired of being the laughingstock of the nation.
Your IT! Race ya to the bottom?
Gotta pay dem pensions, ya know.
I tell you something. I arrived here in 2006 because I was stationed here in CT due to the Navy. I married I nice woman. Now that I am discharged, I cannot wait to leave, especially after these past midterms!
YES!! Please keep chasing your businesses and producers down here to Virginia. We`ll take `em!!
Then I moved from New England. Never missed it.
You`re holding your own in IL, but California`s in the lead. Gotta kick out some more evil business people to catch up!!
Perhaps he should tax illegal drugs, then his son can fill the financial void with all his drug sell’n
I think the stupid people in Conn should pay triple what the Governor is asking for. You vote for Democrats you should pay with your wallet! This will drive out people and companies as well as drive a lot of the economy under the table.
The local NBC station reported that the sales tax would go from 6% to 6.25% or 6.35%, and haircuts, car washes, clothes and shes under $50 would now be taxed.
At the rate we are going in CT, I believe that the major insurance companies and employers in Hartford and surrounding areas will begin to pack up and move. Then what Gov. Malloy?
As a Cter...I saw this coming....<hangs head in shame)
Ct is owned lock, stock and barrel by the state unions.
And there’s more:
Malloy Seeks Earned Income Tax Credit For Poor
February 13, 2011|By CHRISTOPHER KEATING, ckeating@courant.com, The Hartford Courant
HARTFORD — — Seeking to help the poor who might be hurt by his upcoming budget, Gov. Dannel P. Malloy will propose an earned income tax credit Wednesday that would be the first in Connecticut history.
The tax would provide a maximum of nearly $1,700 for poor, working-class families that earn below $21,500 per year. Families with three or more children that earn as much as $48,000 per year could still be eligible for a reduced credit that would be far below the maximum.
The credit has been highly controversial and has never been enacted by the legislature because of opposition by Republicans and some fiscally conservative Democrats. The opponents have rejected the concept as a fatally flawed plan that gives tax breaks to people who do not pay state income taxes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.