Connecticut's Capital Gains Tax Hike: Fairness vs Fiscal Reality
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Connecticuts Finance Committee proposes a 1.75% surcharge on capital gains for high-income earners, aiming to reduce state debt. However, Governor Lamont and moderate Democrats, along with Republicans, oppose the tax hike, citing unspent funds and potential job loss. Some Democrats argue for tax reform due to the regressive tax system. The debate could reshape Connecticuts funding approach without driving away wealthy individuals.
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