taxes

But the $660 million cut is a fraction of state’s revenue windfall.

Commentator David Bouchier has a plan to improve the federal tax system.

The state House of Representatives voted unanimously to suspend a 25 cent-a-gallon tax on gasoline for three months beginning in April.

Governor Ned Lamont introduced a plan for new property tax cuts aimed to offset high inflation. He hopes they will be enough to retain Connecticut’s population.

Senator Cathy Osten, co-chair of the Appropriations Committee, said $160 million budgeted to reimburse cities and towns for lost car tax revenue could be better spent on early childhood education.

Bridgeport officials want to expand the city’s downtown with new luxury and affordable housing developments.

A proposal by Democratic leaders to expand the state’s earned income tax credit was announced the same day Democratic Governor Ned Lamont urged support for his $336 million in tax relief for state residents. But the state’s Black and Puerto Rican Caucus wants more systemic changes.

The Volunteer Income Tax Assistance program, also known as VITA, provides help for tax-filers with low to moderate incomes, people with disabilities and non-native English language speakers.

With Connecticut expecting a $1.5 billion budget surplus this year, Governor Ned Lamont has a plan to reduce taxes for state residents.

Despite the pandemic, Connecticut expects a nearly $1 billion budget surplus this year. That means the state can afford to cut taxes by as much as about $250 million, Lamont said.