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taxes

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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. 

Ksenia Andreeva / Creative Commons

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. 

Ryan Caron King / WNPR

Governor Dannel Malloy is proposing additional major cuts to state spending in Connecticut as he addresses a widening budget deficit projected for next year. The biggest losers this time around appear to be municipalities: state aid to towns and cities is cut by $600 million. 

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Economic incentives like loans and tax breaks for companies have been a controversial subject in recent years. And now a new study shows Connecticut doesn’t follow national best practices in monitoring the effects of its own generosity. 

President Trump is set to sign an executive order on Thursday that aims to relax restrictions on political activity by religious groups without threatening their tax-exempt status.

Senate Republicans voted Wednesday night to rescind an Obama-era policy that allows states to offer retirement savings plans to millions of workers.

Retiree and worker protection groups say the move will hurt employees at small businesses.

Many small businesses say they can't afford to set up retirement savings plans, such as 401(k) plans, for their workers. That's a big reason why so many Americans aren't saving, says Cristina Martin Firvida, the AARP's director of government affairs.

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The Office of Fiscal Analysis reports that tax revenues are plunging. The state's 100 largest-income tax payers paid 45 percent less this year than last. 

Chion Wolf / WNPR

Battling lawmakers, a multi-billion dollar deficit, and the end of a gubernatorial era. April was -- without doubt -- an eventful month for state politics. 

This hour, we hear from the man at the helm of it all: Connecticut Governor Dannel Malloy. With less than two years left to go, how does he plan to round off his second -- and final -- term in office? We find out and also we also hear from you.

Jim Bowen / Creative Commons

State lawmakers are up against deadlines this week to settle on a budget plan — one that tackles a nearly two billion dollar deficit next year. But so far all we’ve seen is a logjam in Hartford.

This hour, we find out what gridlock at the capitol could mean for the state’s future.

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