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taxes

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The American Cancer Society has blasted Connecticut Democrats’ latest budget proposal, which would raise the state’s tobacco tax, but take away money to help people quit the habit. 

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A longtime observer of Connecticut’s economy says plans to cut education grants to towns as a way of balancing the state budget could end up damaging the housing market. 

As Connecticut approaches the end of the second month without a state budget, Democratic legislative leaders say they’ll present their revised final state budget plan this week. The proposal is expected to include a controversial sales tax increase.  

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Connecticut’s sales tax-free week goes ahead from this Sunday, despite the state’s continuing fiscal crisis. The Department of Revenue Services has estimated it will forgo about $4 million in sales tax during the course of the week.

U.S. Representative John Larson, D-CT1, announced on Tuesday that he’ll be introducing a $1 trillion infrastructure proposal when Congress resumes in September. The lawmaker says the money would be raised from a carbon tax.

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Chuck Collins is a senior scholar at the Institute for Policy Studies. He's also an author, an editor, and a child of the so-called “one percent."

This hour, we sit down with Collins. We talk about his latest book and preview his upcoming appearance in Winsted, Connecticut. 

The state of Massachusetts planned to require more internet retailers to collect sales tax starting July 1st. But the initiative has been pulled just days before it would take effect.

Under the Baker administration plan, internet retailers with sales of $500,000 and 100 transaction per year in Massachusetts would have to charge the tax.

But the state rescinded the plan after two lawsuits were filed. The Department of Revenue said it will reintroduce the tax through a new regulation this fall.

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Supporters of the Senate health care reform bill have been few and far between outside of the Republican party. But there's one important industry in Connecticut that is cheerleading for the legislation: medical device companies.

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Nobel prize-winning economist Robert Shiller says Connecticut shouldn’t be cutting taxes in order to keep corporations in the state. 

Kevin O'Neill is driving his electric car down a road in Cumberland when he presses down harder on the gas pedal. He's doing this to prove his point that electric cars are more fun.

“From dead zero, you’ve got fantastic acceleration,” O'Neill said. "I don't like to drive fast, but I do like to feel that it's kind of zippy."

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Tax-exempt property and the impending departure of Aetna are two issues weighing heavily on Hartford as the capital city manages a fiscal crisis. 

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Hartford is inching closer and closer to insolvency — at a time when Connecticut is facing a fiscal crisis of its own.

This hour, we talk about the B word. Without the state to lean on, could Hartford file for bankruptcy?

Michelle Lee / Creative Commons

There’s always a lot of last-minute action at the state capitol when the legislative session’s about to end. But in the middle of a budgetary crisis - that action has ramped up.

Connecticut House Speaker Joe Aresimowicz, a Berlin Democrat, is blaming the Republican minority for his failure this week to have the House debate a bill that could lead to the return of tolls on Connecticut's highways.

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Advocates for the state's low income families say budget proposals to cut the earned income tax credit, or EITC, will have a negative effect on the economy and make the tax code less fair. 

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