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Governor Ned Lamont and the legislature spared Connecticut businesses from unemployment tax hikes for now, but big challenges loom if debts aren't paid.
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Governor Ned Lamont announced that the state will participate in its second ‘Sales Tax-Free Week’ of 2022 next week, the first time Connecticut has held two sales-tax holidays in one calendar year.
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Senate Majority Leader Chuck Schumer (D-NY) said the Inflation Reduction Act passed by the Senate this weekend will “change the world” through climate initiatives, lowering prescription drug costs and increasing corporate taxes.
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For a second time this year, New York State Comptroller Thomas DiNapoli said property taxes will be capped at 2% this year, the highest local governments can raise taxes under state law.
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Demonstrators marched down the main streets of Southampton and East Hampton, carrying signs that read, “Tax the Rich.” They called for increasing taxes on the wealthiest New Yorkers to fund affordable housing and to fight climate change.
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Connecticut has launched its first new unemployment benefits and tax system in 40 years. ReEmployCT is a cloud-based system that makes it easy to file claims online.
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Republican gubernatorial candidate Bob Stefanowski says a promised-then-canceled tax cut is the same as a tax hike. Democrats disagree.
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New Yorkers who were once criminalized for selling and possessing marijuana may be among the first to benefit from the state's emerging adult-use market. But they worry that some of the state's promises may be too good to be true.
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But the $660 million cut is a fraction of state’s revenue windfall.
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Commentator David Bouchier has a plan to improve the federal tax system.