taxes

Johnathon Henninger

Connecticut’s finance committee has approved a tax package that increases revenue by more than $2 billion over the next two years. Democrats say the increase is needed to fund the state’s $43.3 billion two-year budget proposal.

Johnathon Henninger

Democrats who want to increase the capital gains tax in Connecticut say there’s no evidence it would lead to the wealthy fleeing the state.

MaxVT / Flickr

Governor Ned Lamont and Connecticut legislative leaders are expected to begin negotiations on the next two-year state budget. But a dispute has already emerged over a proposed tax increase on the wealthy.

John Phelan / Wikimedia Commons

Connecticut Senate Democrats took advantage of Monday’s income tax filing deadline to once again blast President Donald Trump’s tax cut. They say Connecticut taxes increased by $2.8 billion this year because of Trump’s cap on state and local tax deductions.

Darwin Yanes / WSHU

Suffolk County plans to establish a tax credit that lawmakers say will help residents find some property tax relief.

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