CT Capital Gains Tax Hike Floated
Progressive Connecticut lawmakers are proposing a higher tax rate on capital gains earnings for wealthy taxpayers and higher personal income tax rates for millionaires.
Progressive Connecticut lawmakers are proposing a higher tax rate on capital gains earnings for wealthy taxpayers and higher personal income tax rates for millionaires.
Sworn into office for a second four-year term, Connecticut Gov. Ned Lamont on Wednesday called on state legislators to pass a “meaningful middle class tax cut,” saying it’s time for the state to refocus on economic growth and opportunity
As Connecticut Gov. Ned Lamont embarks on a second term in office Wednesday, he faces a larger majority of fellow Democrats in the General Assembly and a rosier state budget picture compared to when he first took office in 2019, given the state’s record cash reserves and a projected $1 billion operating surplus.
Newly released tax documents show Connecticut Gov. Ned Lamont, a former cable television entrepreneur, earned more than $54 million last year, most of it from investment earnings.
The state’s real estate professionals have picked their man in this fall’s election.
Connecticut Republicans endorsed former state House Minority Leader Themis Klarides, a moderate on social issues, to challenge two-term Democratic U.S. Sen. Richard Blumenthal in November. But she will still face a primary in August after two social conservatives received enough delegate support on Saturday.
A wide-ranging bill aimed at reducing vehicle emissions in Connecticut, including the likely adoption of California’s clean air standards for certain trucks and a requirement that all school buses be emission-free by 2040, was advanced Friday to Gov. Ned Lamont’s desk.
Melissa McCaw’s departure comes amid a federal investigation surrounding her former deputy and hundreds of millions of dollars in state spending.
Gov. Ned Lamont, delivering a rosy election-year speech, unveiled a $24 billion budget proposal that includes tax cuts and financial help for entrepreneurs, but the budget got mixed reviews from his political allies and opponents.
Connecticut legislators, tasked with deciding whether to extend 11 of Gov. Ned Lamont’s remaining COVID-19 executive orders, heard starkly different opinions Tuesday about whether one order — the statewide mask mandate in schools and child care centers — should end this month, leaving future masking rules up to local officials.
Connecticut voters face the prospect of another high-priced election with the reemergence of businessperson Bob Stefanowski, the Republican candidate for governor in 2018.
Connecticut Gov. Ned Lamont said Monday he has filed the necessary paperwork to begin the process of possibly running for a second term in the 2022 election.
Proponents of legalizing the adult use of marijuana in Connecticut dodged a threatened veto on Wednesday, advancing a revamped bill that Gov. Ned Lamont supports by a narrow vote in the House of Representatives.
While the General Assembly was able to pass a new budget before Wednesday’s midnight adjournment, a bill legalizing the adult use of cannabis was not able to make it in time.
Connecticut’s House of Representatives approved a two-year, $46.7 billion state budget deal early Wednesday with no new taxes that lawmakers said will help guide the state as it continues to emerge from the coronavirus pandemic.
With the Connecticut House of Representatives poised to take up a long-awaited bill that would legalize recreational marijuana for adults, the Republican leader on Tuesday called for an investigation into how language was tucked into the legislation that could have intentionally benefitted at least one individual.
The state Senate has passed a statewide zoning reform bill that aims to usher in a wave of accessory dwelling unit development and curb suburban efforts to prevent multifamily developments.
The bill, which passed on an 84-59 vote and now awaits Senate action, requires cities and towns to allow in-law apartments, mandates regular training for local planning and zoning officials and defines “character” of a district by physical standards.
The General Assembly’s finance committee on Thursday advanced a long list of tax proposals from the majority Democrats that could end up in a final budget agreement, including a new “consumption tax” and capital gains tax on higher income taxpayers and a new child tax credit for qualified families.
Connecticut on Wednesday received its first credit rating upgrade in two decades, prompting Democrat Gov. Ned Lamont to proclaim the state is “emerging as a financial leader among the states.”