President Barack Obama is coming to Connecticut on March 5 as part of his campaign to raise the federal minimum wage to $10.10 an hour. The visit follows Governor Dannel Malloy’s heated defense of the proposal at a news conference this week in Washington. Governor Malloy urged the General Assembly to pass a bill this year that would raise the state's minimum wage after the president—in his State of the Union address-- called on Congress to implement the policy nationwide.
The public will soon have access to a one-stop web portal for information on tax credits and direct financial assistance the state is offering to help businesses grow and expand in Connecticut. Governor Dannel Malloy at a press conference in Bloomfield said taxpayers have the right to know what their state government is doing to promote economic development and job creation.
The Department of Revenue Services said it collected almost $180 million in back taxes through a two-month-long amnesty program. That's far in excess of the $35 million it set as a goal at the beginning of the amnesty.
The state of Connecticut's Department of Revenue Services is offering a amnesty program for individuals and businesses that owe back taxes. Those who take advantage of the program will get a 75 percent reduction in accrued interest, and all other penalties waived. But there are a few catches.
U.S. home prices continue to surge. The Standard & Poor’s/Case-Shiller index out today shows a 12 percent increase in May compared to a year ago.
Low interest rates and an improving job market are boosting demand for homes and driving prices up.
President Obama is out with a plan that he says will improve the job market even more. The president is touring an Amazon distribution center in Chattanooga, Tenn. to announce a so-called “grand bargain” to overhaul the corporate tax system.
You ever notice how gas prices tend to rise, just when we’re all on the road for summer get-aways?
Well, starting today, we’ll see the prices go even higher – as a Connecticut tax goes up. It’ll give the state some of the highest prices in the country – but at least that extra revenue will pay to repair the roads…or, not.
This week we’ve been exploring why gas prices are so high in Connecticut. One culprit is a little-known state tax on the wholesale price of gas. On July 1 that’ll go up in the largest gas tax increase in state history. But the money won’t go to helping Connecticut’s transportation infrastructure.
Last week I paid $3.79 cents for a gallon of gas. 46 cents of it went straight to the state of Connecticut. And I was frustrated. So was my fellow gas-guzzler Tracy Fusco.
If you’ve ever wondered why gas prices in Connecticut are so high, WNPR’s Neena Satija is finding out this week. Yesterday she explained that a little-known wholesale fuel tax has a lot to do with it. Today she digs into the history of this tax, which will add around 4 cents to the price of a gallon of gas in July.
No one was ever really supposed to notice that we had a wholesale tax on the price of gasoline in Connecticut. First of all, the oil companies were supposed to pay it – although they passed it on to drivers instead.
If you've been following the negotiations over the state budget, you've no doubt heard three words: constitutional spending cap. But do you know what they mean?...Neither did WNPR's Jeff Cohen, who brings us this report. What is the constitutional spending cap?
"The constitutional spending cap was adopted as part of a broader political agreement to get majority support for the adoption of a state income tax." That's Bill Curry, a Democrat and one-time state comptroller, talking about the law that is now two decades old.
The debate over the Amazon tax seemed to put e-commerce giants on one side of a bright line, and brick and mortar businesses on the other. But the fact is that the distinctions between real and virtual businesses aren't so clearly defined.
Manufacturing might seem to you and me to be the ultimate brick and mortar business. It's an industry where you make things you can drop on your toe in a building you can walk into. Not so, says David Drake.
Governor Dannel Malloy's plan to get rid of the car tax for most of vehicles in the state will not likely pass the legislature. That's according to the office of Democratic House Speaker Brendan Sharkey. WNPR's Jeff Cohen reports. A spokesman for Sharkey says that the car tax is one of the most regressive taxes the state has. On that, he's in agreement with Malloy. But Sharkey doesn't think that the governor's plan is the right one. So he's asking a legislative committee to study the issue further.
Governor Dannel Malloy’s popularity is at an all-time high, jumping five points in a new poll to 48 percent. What do people like about the job the governor’s doing? Well, they say he’s good in a crisis...and he’s had plenty of those to deal with.
They’re less pleased with his handling of the state budget and tax policy.
A big part of his time in office has been spent trying to overhaul the state’s economy - investing millions in programs like “First Five” - which promises incentives to certain companies that create new jobs.
Governor Dannel Malloy’s new budget includes some tax relief, and a promise of no new taxes. But it’s also a document that even some in his party are calling “confusing.” Today, where we live, we’ll try to pull apart fiction from reality in the new two-year state budget.
Governor Dannel Malloy is heading into the new year with a series of questions surrounding this budget year - and the next couple. He’s put a plan in place to cope with the state’s current budget shortfall...but the next three years show the state budget billions in deficit.
He’s said that everything - except tax increases - are on the table, and he’s working with legislative leaders from both sides of the aisle to find a solution before next week’s special session.
An advocacy organization that represents towns and cities across the state is calling on the state to give more money to municipalities. The Connecticut Conference of Municipalities issued a campaign bulletin intended for candidates this fall. It makes one clear, if not new, point: Connecticut relies too heavily on the property tax. Jim Finley is CCM's executive director. "It's the most regressive tax in our state/local tax system. It's income blind. It doesn't matter whether you have a job or not, your property tax is due.
Income tax increases are being felt in some paychecks while tax breaks are going out to some big companies.
Those tax increases are being felt mostly by Connecticut’s wealthiest residents...and are showing up in paychecks now. It’s an issue of “fairness” according to some - but another look at the numbers shows the state’s revenue stream is more “volatile” because of a dependence on the rich.
Today, the Supreme Court struck down an Arizona public financing law similar to the one in Connecticut. But campaign finance reform can be a little dry and hard to follow, so first, a little colorful history:
Two types of small businesses in Connecticut have been pitted against one another in recent months by a controversial piece of legislation. The measure, which goes into effect July 1st, attempts to force Internet retailers to levy sales tax in the state for the first time.
As WNPR’s Harriet Jones reports, some are calling it the “Amazon tax.”
It can cost small businesses between $5,000 and $10,000 just to administer their tax returns each year. That’s the finding of a new survey, which calls for radical improvements to the tax code. WNPR’s Harriet Jones reports.
The National Small Business Association conducted a survey of its members on how much time and money it takes them to comply with the federal tax code.