Bross Chingas Bross Real Estate, Riverside Realty, #1 in 2014
Westport Country Playhouse: Love and Money, July 21-August 8Westporters: Get your Tickets to the 8th Annual Blues, Views, and BBQ Festival
Jillian Klaff Homes: real hard facts for really smart moves. 203.858.2095. Westport, CT
 
Saturday, August 01, 2015

NewsPolitics

Thursday, December 06, 2012

Are State Tax Increases Really Out of the Question ?

Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon

By Keith M. Phaneuf

www.ctmirror.org

With the governor trying to discourage talk of a tax increase while red ink projections for the next state budget continue to grow, some at the Capitol are testing the definition of a tax hike.

More specifically, if a temporary tax increase is supposed to expire next year, is extending that rate a little longer an honest-to-Hoyle’s tax hike, or a legitimate loophole?

That question has Connecticut corporations and electricity generators in the fiscal crosshairs as officials grapple with a projected revenue shortfall of as much as $1.2 billion in the 2013-14 budget.

“I don’t think that [tax increases] are off the table,” Sen. Toni Harp, D-New New Haven, co-chairwoman of the Appropriations Committee, said following a budget briefing last week. “Things do not have to expire. Continuing them is not a new tax.”

Click here for more of story

Posted 12/06 at 10:02 PM

Comments:     Comment Policy

No comments yet.

You need to Register and be logged in to post comments. If you are already registered but are not logged in, you can Login here.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

You must be logged in to comment. You must also answer the question or solve the equation below:

What is missing: North, South, East, ----? (4 character(s) required)

Please note by clicking on "Submit" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Inappropriate posts may be removed.

<< Back to main

SPONSORS
Earthplace Summer Camp 2015
Visiting Nurse and Hospice of Fairfield County, Connecticut Walrus + Carpenter: Voted one of the Best Restaurants in Connecticut for Barbecue, Craft Beer, and Cocktails by the readers and experts of Connecticut Magazine for 2014 and 2015 WestportNow Year in Pictures 2014 Give to Public Schools in Need! - Go to DonorsChoose.org
WestportNow.com Stuff